24 April
2009
Global Retrenchment - Retreat, Not Surrender
...retaining the ability to respond to reversal of fortune
Everyone knows good times don't last forever. Or do they?
In many economic downturns in America's history, the hubris of imaginary/undeserved perpetual prosperity has been present.
Why, even in California, we had a tax revolt launched over "that obscene surplus" - a "rainy day fund". California's had some incredible "rainy days" since. So not only is it fashionable to not plan for a downturn, it can be considered practically criminal in certain political lights.
But what's worse is America destroying its resilience ahead of time ... and being proud of it. Read more ...
Continue reading "Global Retrenchment - Retreat, Not Surrender"
Global Retrenchment - Retreat, Not Surrender
...retaining the ability to respond to reversal of fortune
Everyone knows good times don't last forever. Or do they?
In many economic downturns in America's history, the hubris of imaginary/undeserved perpetual prosperity has been present.
Why, even in California, we had a tax revolt launched over "that obscene surplus" - a "rainy day fund". California's had some incredible "rainy days" since. So not only is it fashionable to not plan for a downturn, it can be considered practically criminal in certain political lights.
But what's worse is America destroying its resilience ahead of time ... and being proud of it. Read more ...
Continue reading "Global Retrenchment - Retreat, Not Surrender"