I am really upset about what happened. I am concerned. This is a worldwide inflection point of graveness. Headlines on Earth will ensue ubiquitously for a long time. Consequences will be unthinkable. Time, again, for deep reflections.
This affects the West as wars are fought and the World is increasingly plagued with predicaments like Poverty, Global Climate/Geological, Terrorism, Nuclear Weapons Proliferation, Overpopulation, Energy Insecurity, Public Confidence Shaken (since 9/11), a Whole Gamut of Geopolitical Problems everywhere, so forth.
Before proceeding any further, it’s timely to remember, “Everything is related to everything else.”
Probable and alleged, seemingly Causes, METAPHORICALLY SPEAKING (among others):
Lack of Regulation + Lack of Supervision + Lack of Transparency to Public + Minimal/Inconsequential Accountability + Corporate malfeasance + Values Rejection + Lack of Applied Science (with the omniscience perspective) + Across-the-Board Failure of Quantitative Analysis (so-called “analytics”) + When instituted, application of Suboptimal Risk Management for Financial Entities + Administration of ill-Risk Management to the Active Assets (for-a-profit organizations) + Global Failure As to Not Applying Most Stringent Systems Risk Management (“Transformative and Integrative Risk Management, with the omniscience perspective and way beyond/away from financials) + Zero Implementation of Thorough QUALITATIVE ANALYSIS (with the omniscience perspective) + Womb-to-Tomb Underestimation of Complexity (both in details and in its dynamics) + Deep Propensities to Bend the Rules (managerial, financial, concerning the disciplines applied) + Faulty Application of Systems and Approach + No Institution of Proper Scenario Methods + Do Incumbents Understand the Driving Forces (those subtle and dramatic) of this Terra Incognita? + Suboptimal Insurance, Reinsurance, Performance Bonds (among other bonds) + Resting On Laurels Because of Backing of Three or Four Nobel Prize Laureates in Economics + Price Elasticity Subject to Bold Volatility + Miserable Performance Reporting and Forecasting + The Incomprehension of Newest Factors Stemming From Economy’s Driving Forces in Intersection, Intertwining, and Superposition Were Not Considered + Over-Reliance on Information Technology + Crude Prices + Food Prices + Mortgage Meltdown + Fanny’ and Freddy’s + Federal Reserve System? + Other Developed Nations’ Central Banks Engaged in Passiveness + Business Model Obsolescence of Investment Banks + World’s Financial System + Over-Blown Brokerage’s Speculation + Challenging the Economics Pervasive Forces of Uncertainties and Fears.
Andres Agostini
Preferred Sites:
www.AgosBlogs.blogspot.com
www.AndyBelieves.Blogspot.com
www.AndyBelieves2.blogspot.com
www.AndresAgostini.blogspot.com
www.youtube.com/watch?v=tOHiKT127DM
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