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May 17, 2015
We will be launching Socrates shortly. It will be able to speak over the net, but trying to get the speech recognition through the net is the big problem. We will continue to move forward on the proprietary tablet that will handle speech recognition, hopefully better than this elevator.
May 17, 2015
This is how a child solved a math problem. Clearly, this is a gifted child who could rise rapidly to lead some nation somewhere. We just have to figure out where.
May 17, 2015
A joke in Poland illustrating their distrust of government: A dog walker takes three dogs for a walk. The American dog tells the Russian and Polish dogs how great it is in democracy. All he has to do is bark and they give him meat. The Polish dog asks, “What is meat?” and the Russian […]
May 17, 2015
QUESTION: Hello Martin, Did banks receive government bailouts prior to Glass-Stegal being repealed? If so, if they are forced to return to relationship banking, why can’t the big boys simply drop lending standards and keep bad loans on the books (with a nod and wink from congress), knowing they can strong arm politicians into another […]
May 16, 2015
The reaction in Europe to the film has been overwhelming, for audiences are more aware that we are facing a serious economic problem. In America, they are trying to suppress the film, obviously to protect the banks and justice system. Outside the USA, reality is setting in and the USA only appears to be more […]
May 16, 2015
Dzhokhar Tsarnaev was sentenced to death, such a penalty is clearly not the worst fate – that would be life imprisonment. Death is easy. Many who are imprisoned for life, who lack the courage to commit suicide, pick fights with others so that they will be killed. The death penalty is a reflection of […]
May 16, 2015
There will be two more showings of “The Forecaster”. I will appear two more times for discussions and Q&A. I was totally surprised that people were flying in for this showing from many places, even from Iran. I guess this illustrates just how many people around the world know something is just not quite right.
May 16, 2015
This Sovereign Debt Crisis is the nature of the beast we face. Understanding that crisis is half the battle, for after the business cycle turns, there will be a lot of finger pointing, but you can bet it will never be pointing at government. The country does not matter, as the people are the same. […]
May 16, 2015
Why are governments rushing to eliminate cash? During previous recoveries following the recessionary declines from the peaks in the Economic Confidence Model, the central banks were able to build up their credibility and ammunition, so to speak, by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the […]
May 16, 2015
COMMENT: The distinction between relationship and transactional is so compelling and explains my own puzzlement in dealing with ‘relationship’ managers.In Asia they have to sell structured products — even now, after 2008 — or be fired.They are under enormous pressure and cannot focus upon anything else so the word ‘relationship’ is a misnomer. The staff turnover is […]