Macro perspectives on the Capital Markets, Economy, Geopolitics, Technology and Digital Media

Visit Big Picture

How to Repair What Ails Us

Posted on October 13, 2008

Over the past several weeks and months, we have continually identified errors, flaws and mistakes being made by policy makers. Some of these errors were due to mistaken assumptions -- that a firm like Lehman could go bankrupt without significant repercussions elsewhere in the financial system. Some were an issue of focus, such as the unhealthy obsession on asset price deflation and confidence. Others involved the lack of leadership at the top -- the 3 page TARP proposal was laughable indictment of an AWOL president, and a flailing administration. Others were just plain ole dumb, like canceli...

Original article link


deflation , fed , housing , system , the fed