Daily Archives: 11/02/2011
Five myths about US interest rates – McKinsey Quarterly – Economic Studies – Productivity & Performance
If you are interested, I actually have several other posts referring to articles and videos on the same topic. This one has the merit to be short (3 pages) and kill some myths about interest rates in the US and abroad. The mechanics is exactly the same.
Good reading !
Here is a fascinating article, which is 2003 old, and is as relevant today as it certainly was by then. Reading it really made we wonder what we learnt between now and then and whether we put into practice some of the key lessons and recommendations shared by the authors.
I read through a lot of business articles, not that many have that level of pertinence and candor in the analysis of a macroeconomic situation. Once the assessment was done, the prescription was very straight forward. Interestingly enough though, we did not see that many major corporations since then re-balance their priorities between corporate and operating management.
The question has often been asked: “Does humanity take the lessons of the past or do we keep repeating the same mistakes again and again…?”