2008 Financial Topics: Real Time Real Pain

We have regular private communication with over 20% of the locally owned businesses in our area about their business and their markets. This does put us in a position to share some generalizations about what is happening real time. The meltdown in the financial markets began in July 2007. We have communicated to our business …

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Economic commentary

2008 Financial Topics: Of Politics and Economics

We have shared a brief sense of relief that the election is over. This relief has yielded to a yet deeper level of anxiety about the unfolding financial crisis. At each descending level it becomes more apparent that the clear distinction between politics and economics we long for, simply does not exist. In the spirit …

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Economic commentary

My view from Wall Street to Main Street – Part Two

After looking in my last post at what won’t work, here is what must be done. Business leaders must change the way they think about customers, suppliers, shareholders and their public responsibilities to our government (which means you and I as citizens). The root of all these issues is the appalling absence of a fiduciary …

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Economic commentary

Wall Street article on Freddie and Fannie

Green Bay native Paul Gigot, editor of the Wall Street Journal, deserves a Pulitzer Prize for Journalism for his dogged pursuit of the truth with respect to the GSE Twins. For much of the last decade Paul has personally authored article after article detailing the financial risks to the public as well as the broader …

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