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I'm entrepreneur, author and investor living in Silcon valley. You can also find me at:
Read my book: leadingmanagingsiliconvalley.com 
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Judy Shelton at the Commonwealth Club Yesterday I attended a talk by Judy Shelton at the Commonwealth Club in San Francisco on the general topic of creating a stable international monetary system. Her talk was quite entertaining, and she certainly dropped a lot of names, indicating first name familiarity with Milton Friedman and Alan [...] Back in the 80s it became common for companies to phase out defined benefit pension plans in favor of 401K plans. It certainly seemed like a great thing all around – companies shed the onerous burden of the pension plan, and employees got the freedom to invest as they chose potentially unlocking much higher gains. [...] This link is a nice, readable explanation of exactly why the mortgage crisis got out of hand. It wasn’t just making too many loans to people who didn’t deserve them that’s caused our problems, it’s what happened next that matters! The faulty assessment of risk is what create the appetite for making all those loans [...] There’s an enormous amount of nonsense being written about the economy. It’s very hard to fish out well written material that really gets to the bottom of things. Here’s one article that’s quite useful in terms of explaining the current situation. |
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