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05/04/2010

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The Finance Firm

Maybe we should take comfort from the fact that the oil exploration and air traffic control industries don't seem to be too good at asking the big "and what if?" questions either.

I fear that the professionalisation of risk management in all industries has delegated responsibility for and knowledge of it away from experienced senior managers who should be able to take a global view of the possibility and impact of events and given it to specialists who focus narrowly on the statistical likelihood and weighting of events that they can easily measure.
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MARCIE

smartbrains

I think a great but Brian Riedl, lead budget analyst at The Heritage Foundation, agrees that unless the federal government radically curtails spending, a debt crisis as severe as or worse than that now happening in Greece will erupt in the United States in as soon as seven to 10 years.“We can say that we will be at about the Greek level of debt probably in the next seven to 10 years,” Riedl told CNSNews.com. “There is no reason that with the same economic policies at the same level of debt, that the United States won’t face the same economic and financial crisis as Greece.
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Maybe we should take comfort from the fact that the oil exploration and air traffic control industries don't seem to be too good.I fear that the professionalisation of risk management in all industries has delegated responsibility for and knowledge of it away from experienced senior managers,agrees that unless the federal government radically curtails spending, a debt crisis as severe as or worse than that now happening in Greece will erupt in the United States in as soon as seven to 10 years.“We can say that we will be at about the Greek level of debt probably in the next seven to 10 years.
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RICHARD

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