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HomeThe Ripple Effect of Unintended Consequences or How Ben Bernanke Plays in Cairo
Posted by Larry Doyle on January 31st, 2011 6:59 AM |
I believe we remain in the relative early stages of significant structural and fundamental changes in our global economy. As political leaders – both domestically and globally – work to address a variety of issues, I see the following two themes continuing to play out:
1. In an attempt to support our economy, Washington has done and seemingly will continue to do everything possible to pull demand forward, delay the recognition of financial losses, and simultaneously redistribute losses which emanated from our banking system. We could debate the merits and impacts of a variety of the programs implemented. Some have worked well. Others have been unmitigated disasters. The fact is, though, we have been faced with an array of unintended consequences in the process. The traditional rule book for investing and economics is not very helpful in our world circa 2011.
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