JP Morgan and Jamie Dimon: A Question of Trust
Posted by Larry Doyle on May 18th, 2012 7:33 AM |
Do you engage in business with people you don’t trust?
Sometimes you may have no choice, but in doing so you likely keep your guard up or exact a higher risk premium.
For those with a choice, keeping one’s distance from those you do not fully trust is typically the preferred path. For those without a choice, a lack of trust is often offset with a lot of hope and prayers. Hope always remains a lousy hedge against a lack of trust. We see this at play currently on both sides of the pond. (more…)
Washington’s Dysfunction on Display
Posted by Larry Doyle on July 25th, 2011 7:24 AM |
Why do Americans get so fixated on the personally destructive stories of Casey Anthony, Dominique Strauss-Kahn, Anthony Weiner, and the like?
Because watching and listening to the dysfunction on display in Washington is typically too painful and too much to bear.
Although some in Washington would pass off our current debate on raising the debt ceiling as the ugly underside of the best political system in the world, I would maintain that the ugliness has gone to an entirely new level.
All Americans are suffering in the process.
Regardless of your political leanings, the style and manner in which the current political debate is playing out displays both real dysfunction and a resulting lack of credibility in the eyes of global investors. We are supposedly the leaders of the free world? Really? (more…)