Financial Crisis 101 - a smart diagram that explains (mostly) it all
Friday 21 November 2008
The link below will take you to a great little diagram that explains the unfolding of the Financial Crisis as most people know of it. As Marcus Barber explains, it doesn't delve too deep into the structural design of the financial system, or start at the 'true beginning' of the problem and it does explain in a very easy to follow way, how certain events occurred and what the results of those events were.
Put together by 'Wallstats.com' a blogger who has posted the map onto the Mint.Com blogosphere, this diagram is recommended to anyone who wants to get a handle on how certain signals of the emerging future are ignored by people who were supposed to be on watch, how vested interests make public statements aimed at achieving their own ends rather than those that might benefit the whole system, and how economic systems are not 'systems' that run by themselves - they are structures that human being create to deliver certain outcomes.
From a strategic futures perspective, this diagram highlights the way in which we behave inside the financial system. There's more to be learned and more issues to be considered in the biger scheme of the model and one thing is clear 'top down' levers like interest rates, and 'trickle down' theories of economic development are mythologies about the ways in which human being operate in response to the way the financial system works. The diagram tracks events as they unfold and delightfully, uses quotes from so called experts as the mess began, to show just how ignorant we can be when we don't pay attention to what is emerging and when we don't question the assumptions we are making
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Monday 27 February 2017
It's been a significantly busy couple of months looking at how Industries and Government Agencies are preparing for change. The Companies versus Climate Change conference in Fort Lauderdale, Florida in November/December, and a meeting with the Political Science Department at the University of Hawaii (Manoa) in January show that positive action is happening, despite some of the headlines
Saturday 31 December 2016
Many of you know that each year I make an observation about what I think the year will bring. The track record suggests I'm usually a couple of years ahead of the curve. With that said I'm calling 2017
Monday 12 December 2016
In Ft. Lauderdale USA I recently attending a delightful provocatively named 'Companies Versus Climate Change' conference. And the message is clear - companies, BIG well known companies are tackling the issues of climate change, sustainability and their carbon footprints and both making and saving VAST sums of dollars. The simple take away message from the presentations over the three days could not have been more explicit - tackling climate change pays off big time!