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Oct
23

The same thinking that got us here is going to doom us to a hard landing

Real change is hard. Perpetuating what worked yesterday works right up until it doesn't any more. And by then the opportunity to make a soft landing for ourselves will be finished.

I think we're in a bad spot.  I mean the globe here, but the developed economies in particular.  I am losing hope that we will navigate towards anything other than a hard landing at some point because even with copious amounts of data accumulating suggesting that the old ways are not working, I cannot detect even the slightest hint of original thinking or new thoughts coming out of the marbled halls of power.

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In a Bad Spot
After traveling some, speaking with lots of people, reading, and digesting, I cannot escape the conclusion that things remain hopelessly off track. Whatever form of ‘recovery’ is being s

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