Actually, I Like Her but Great Cartoon!

Crowding Out

One of my stronger memories from the 1980-82 recession is the expression "crowding out". At that time the world pre-eminent uber-bear was Henry Kaufman of Salomon Brothers. It was Kaufman who called the bottom of the bear market in August of 1982. For, oh, two years he had been writing that growing government debt was "crowding out" private borrowers and pinching off economic recovery.

I still clearly remember the day in August of 82 when I read in the Wall Street Journal that Kaufman said that the economy was so weak that crowding out was no longer a problem. There was no business demand for money so it didn't matter. The market took off like a shot and never looked back. It was my first lesson in contrarian thinking.

Maybe I'm not the only one who remembers that connection.I've posted before on why I'd seen almost no talk of crowding out. Maybe it's making a comeback now.

Brilliant

I've always found George Will a little stuffy but this speech he gave is simply brilliant. It's 30 minutes well spent.

Ironic, isn't it.

Here's one where the article's headline writer tells you there are things millionaires won't tell you. And then they proceed to tell you. Deft little verbal slight of hand, no?

ERP Flow

Here's a handy graphic if you're trying to communicate with your business colleagues about the impact of ERP systems.

Good for You, Glenn

Or maybe I should show respect and say, "Good for you, Mr. Reynolds." My favorite blogger, the world famous Glenn Reynolds of www.instapundit.com, has been named one of the The Four Horsemen of the Ablogalypse. If you're not a fan of Glenn's then you should be. One day all right-thinking people will agree.

What's the Time to Impact

And now back to the topic of Information Technologies, which is already in progress.

I've found this picture handy and persuasive when discussing disaster recovery and how much time and money should be invested in stabilizing failing systems.

What it tells senior management is that if a major system crashes (or is otherwise unavailable), they have this many days to update their resumes.