This op-ed first appeared in the Los Angeles Business Journal and is reprinted with their permission. In recent weeks there hasn’t been much data supporting sustained economic stability, much less a recovery. However, it does appear the economy is no longer in a freefall, and we are likely experiencing the depths of this downturn. Since [...]
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The results of GBR poll #3 on the road to U.S. economic recovery are in! Half of participants think we’ll be back on track by 2010 20% think we’re already on the road to recovery 30% think all the initiatives to stabilize and grow the economy so far are only making things worse The GBR [...]
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Davide Accomazzo, MBA In the ongoing social debate on what kind of an economic system we should build on top of the rubble of the present financial mess, we as investors should focus less on the philosophical nuances and more on how to adjust our investment framework, expectations, and tactics. As the work of free-market [...]
The results of the second GBR poll on debt vs. savings are in! All participants said they have changed their personal financial approach due to the current economic instability 60% say they are working harder to pay down all their debt. The GBR Blog asked Davide Accomazzo, Adjunct Professor of Finance at the Graziadio School [...]
Davide Accomazzo, MBA The financial turmoil of the last eighteen months has brought to everyone’s attention the problems and dichotomy of our present monetary and financial systems. While we are now dealing with the consequences of too much credit, it is also important to note that a system without credit (and—much to the delight of [...]
In the 1979 motion picture Being There, Peter Sellers played Chance the Gardener, a man said to be “stuffed with rice pudding between the ears.” Nevertheless, it was Chance who offered a piece of brilliant advice that would serve the President of the United States well in our current state of economic crisis: “…as long [...]
This is the first of two posts on changes I think need to be made for a new, more sustainable economic and social system. The full article exploring these interventions was published in August 2008 on Goldmau.com. Davide Accomazzo, MBA Last year, I wrote an article titled The End of Capitalism as We Know It. [...]
Our financial crisis came about because of flawed thinking about how to help the poor. Financially sophisticated parents would never tell their children to borrow to the ceiling to buy a house or anything else. And yet, lawmakers thought that the way to help the poor was to encourage them to borrow heavily. The mass inducement [...]
