The identity crisis in the USA has grown.
What is American?
An Immigrant Society?
The definition is now regarded as inundated.
It's predicted that people of colour, blacks, and Hispanics will overtake the White skin English Speaking People in the next 50 years or so.
This has given rise to white supremacists, evangelical extremism in the bible belts, and narrow nationalism which is now come to be known as Populism;
and the combination of all these packs a punch together as Social Darwinism and Naked Competition, in the form of Open Market Capitalism, and Neoliberal Political Economic Order.
These collusive, pervasive factors are what is driving Donald #Trump and his cohort's political promise.
White Skin #English Speakers, especially those from the Bible Belt, neoconservative to the core, and having an inward-looking mindset, will bounce back in the next elections.
The same holds true for those who supported project fear in the UK!
Brexit was a direct consequence of hyper ethnonationalism based on the false premise that the NHS and other govt. units will save Pounds 350 Mio per week, which will raise living standards.
What balderdash!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
What maths does finance and risk management require?
Mathematics is the Queen of all Natural Sciences.
However, its applications in Social Sciences and its sub-fields such as Economics and Business Studies are growing all the time.
Finance and Risk operating in conjunction are broadly categorized as subfields of Actuarial Sciences and Microeconomics.
That's my opinion.
I mean no offence to Accountants ;)
The two subjects (Risk and Finance, which I would like to jointly refer to as Risk Finance) share a lot in common with the Pricing Theory, Utility Theory, Portfolio Theory,
The economic growth of the Blair-Brown duo years preceded the trend rate of the past.
The UK economy was largely in equilibrium, the Pound was stable and markets stabilized, avoided the trappings of boom-bust cycles, and the minimum wage helped reduce income inequality a little.
The problem which economists at that time overlooked was that #Brown, who was the architect of the #UK's economic mirage, was based on the "soft touch" approach to financial risk regulation and supervision.
That backfired!!
GFC typified how wrong growth models hurt.
Putting people on state benefits, increasing the cost of hiring, and using bespoke welfare systems to discourage risk-taking and entrepreneurship drives only masked the epistemic issues the British People were silently gesticulating about between 1997-2003.
Brexit ventilated.
Ever heard the old adage? Money goes where it grows.
That is why global capital flows to China and SE+NE Asia have become gargantuan over the last 70 years or so, especially after Deng introduced the Open policy in China in 1979.
It worked for them for multiple reasons, but, the thing which differentiated the Asians from the Europeans was the progressive work ethic that promoted both smart and hard work together.
Smart work will give you more productivity but at the expense of higher wages, whereas, hard work will give you more output per head but at affordable rates.
All SE-Asian and even the Chinese Megalodon Economies have adopted the latter strategy to date.
As a manager, you have to make a choice.
Whether to transfer skills to someone who is not a loyal co-worker, or to adopt avoidant behaviour and let things come to pass.
This is both morally and managerially the most difficult trade-off one makes in a position of responsibility.
Most of the time, we regret training subordinates who are disloyal and backbiters.
I have trained many people in my life who gave negative feedback to HR.
Dealing with such rogue elements in a firm tests the type of leadership and decision-making model employed.
So, the company needs to differentiate between coaching and training programs designed for employees & the management.
Training should be a general event in the HR to-do calendar whereas, coaching should be reserved for those who are selected by the manager to join his team
You know that an academic institution is in financial trouble when it goes overboard in selling/ marketing some or all of its pedantic programmes.
Some of the best universities in the world now send two to three emails a day to attract potential students. #Covid has consequences
If you have to make a choice between a lowly ranked UK university and its EU Counterpart, I would prefer the latter against the former!
The standard of education in Continental Europe is superb, and academic institutions have a reservoir of PhDs who are willing to supervise.
Most international students ignore Aussie and Kiwi Unis.
Some of them are superb, especially the Australian institutions, which are akin to their American counterparts.
What great campuses, residence halls, libraries, labs and other supporting infrastructure, etc.
The #ERM Crisis still haunts the BOE, which back then was controlled by the HM Treasury and Chancellor of the exchequer.
George Soros's Quantum Fund has now been replaced by countless Quantamenal FX Algo and HFT Funds and Specialized Investment Vehicles, backed up by Ai/ML.
Once the currency and money market decline precipitates, conjointly, then open market mechanisms turn financial markets into a Darwinian jungle dominated by herd instincts and other complex emerging risks which pave the way forward for a Systemic Risk Meltdown. #PoundSterling
No wonder the UK Sovereign Bond Market is so jittery!!
They know higher inflation expectations will make rates go up even more.
Tax cuts are not helpful in that sense.
Also, C/A Deficit number is not helpful with a tax cut incentive, which will nullify the trade competitiveness