{"id":14359,"date":"2015-11-13T07:32:05","date_gmt":"2015-11-13T12:32:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14359"},"modified":"2015-11-13T07:32:05","modified_gmt":"2015-11-13T12:32:05","slug":"why-slower-money-is-the-key-to-a-real-economic-recovery","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14359","title":{"rendered":"Why Slower Money Is the Key to a Real Economic Recovery"},"content":{"rendered":"
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Why Slower Money Is the Key to a Real Economic Recovery\u00a0<\/a><\/span><\/h3>\n
An exciting crop of organizations are financing businesses in a way that creates real wealth. Here are a few ways to scale them up so that they can truly challenge Wall Street.<\/span><\/div>\n<\/div>\n<\/div>\n
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There\u2019s a financial fault line that runs through the heart of our economy. Wall Street\u2019s most recent rumblings\u2014which saw the major indices take a dive in response to weak growth in China\u2014are a stark reminder of the danger. If the stocks go tumbling in, so do our businesses, jobs, paychecks, and pensions. The tremors may have subsided for the moment, but if we\u2019re to give the late financial seismologist Charles Kindleberger any credit, the next big one could be right around the corner.<\/p>\n

What we really need is a comprehensive rebuild beyond the quake zone.<\/p><\/blockquote>\n

According to Kindleberger\u2019s classic book\u00a0Manias, Panics and Crashes<\/em>, the market sees notable financial quakes or \u201cpanics\u201d roughly every seven years or so. The frequency has increased recently, with significant panics occurring in 1989 (Savings and Loan crisis), 1992 (Britain\u2019s Black Wednesday), 1997 (East Asian crisis), 1999 (Tech Bubble), and of course 2007-08. Whether the recent seven-year twitch turns out to be just a minor temblor or a foreshock to something much worse remains to be seen.<\/p>\n

But one thing is for certain: If we don\u2019t find a way to shift our increasingly financialized economy to stable ground, the next big crash is inevitable.<\/p>\n

The Wall Street formula for disaster is simple: ever-greater money chasing ever-bigger bets with ever -faster payoffs on ever-riskier financial products\u00a0 equals crashes of seismic proportions. Greater, bigger, faster, riskier. It\u2019s like a\u00a0twisted Daft Punk song<\/a>.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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Why Slower Money Is the Key to a Real Economic Recovery\u00a0 An exciting crop of organizations are financing businesses in a way that creates real wealth. Here are a few ways to scale them up so that they can truly challenge Wall Street. There\u2019s a financial fault line that runs through the heart of our […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[10590,238,7982,5809,501,10589,860,6085],"class_list":["post-14359","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-kindleberger","tag-economic-crash","tag-economic-recovery","tag-financialisation","tag-market-crash","tag-slow-money","tag-wall-street","tag-yes-magazine"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14359"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14359\/revisions"}],"predecessor-version":[{"id":14360,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14359\/revisions\/14360"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}