In the Trenches

Turning the Page

Written on September 15, 2011 at 4:34 pm, by

This month the Curmudgeon is wandering into the politics and local economic development topic. But warning is in order; the pompous fool is not going to concern himself with the obvious everyday practitioner concern of how to best cope with the deleterious effects of political meddling into solid and effective local programs and initiatives. Instead, the old codger is delving into various “theories” of local politics and their implications on local economic development. This is on top of last month’s theme of growth and innovation economics in which the Curmudgeon again focused on “theories”, this time economic. What is with this fascination with “theories”?

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Categories: In the Trenches

Is This Time Any Different?

Written on February 27, 2011 at 6:29 pm, by

Our discussion on the New Normal and the Post-Financial Crisis centers chiefly around two major conceptual positions. The first is the New Normal label and its conceptual underpinnings and was developed by Mohamed El-Erian, CEO of America’s largest asset manager, PIMCO. The second conceptual position is drawn from Reinhart & Rogoff’s, This Time is Different. It is worth note that El-Erian put his concept together in 2008-2009 period and Reinhart and Rogoff in early 2010. They have been mostly right thus far into 2012. The article first appeared in January 2011 and has been edited and updated for this issue.

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Categories: In the Trenches

So What is to Be Done?

Written on February 26, 2011 at 6:41 pm, by

Assuming the reader has waded through our initial review of the New Normal, the obvious question on your lips as you start this review would be: So… if we are in this New Normal,” What Should We Do”? So what is to be done? This review will depressingly conclude that there is no instruction manual […]

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Categories: In the Trenches