As The Crisis Metastasizes, California Luxury Hotels And Resorts Are Heading Towards Bankruptcy
The utter economic lies that were rationalized for so many years never ceases to amaze me. And now isn't it ironic that the very people who embraced them, our supposed leaders in society, are the ones who are paying the price?
All the more reason for a more democratic and flatter organizational model. Where leaders are replaced with facilitators. Where organizational constructs are created to facilitate the development of every individual in the organization and not just those deemed strategic, ie management. Where a system of constructive conflict is embraced to hone the blade of great strategy and execution. But I am not talking about a corporation. I am talking about American society. About the way democracy must work to be successful. Of course, this is also sound business management. A lost art practiced by a very few great firms. I have worked with countless firms, most of whom eschew such best practices. Instead I am talking about not giving a handful of people nearly complete control in any organizational construct. Even if by deference. People who are most often clearly flawed by greed and personal avarice at the expense of society's best interests. I can't overemphasize the importance of these dynamics in this crisis. It is a substantially key component to the collapse we are experiencing. Something you will absolutely not hear in the media or in the economics community. Mostly because they are indeed all part of the problem.
We have remarked before that this is the cycle that America's most successful unwind. Most Americans have been unwinding on some level for decades. Now we see the top ten to twenty percent of Americans suffering. And we can expect this trend to continue. Even anecdotal statistics such as insider buying and selling, used to determine the market mood, has become irrelevant. Insiders have been selling this entire rally. The largest rally since the age of Elmer Fuddstone. Not because they are somehow brilliant and see the future as many people continue to cite. Businesses are nearly universally bullish about the future as we recently highlighted. A near 90% bullish perspective on the future. We have clearly debunked that myth numerous times. But because they are unwinding to survive. They are forced to sell even as equity prices move higher.
Welcome to the new world. The real world. The world of truth. That our leadership is in fact lacking in the basic qualities of leadership. The very reason we see tremendous anger and bitterness at the town hall meetings as we highlighted yesterday. The media and leadership want to marginalize this dissent. Why wouldn't they? Their beliefs support an ideology that they know best and everyone else should fall into line. The American people clearly understand the leadership void. It is the very reason consumer sentiment polls aren't improving. The very reason why political polls are at record lows. The very reason why someone espousing substantial change was elected President. The world is going to become much, much worse as our leadership embraces the status quo in an attempt to save an economic ideology they falsely believe served them so well. That very irony will continue to ensure the global economy's collapse. Their collapse.
All the more reason for a more democratic and flatter organizational model. Where leaders are replaced with facilitators. Where organizational constructs are created to facilitate the development of every individual in the organization and not just those deemed strategic, ie management. Where a system of constructive conflict is embraced to hone the blade of great strategy and execution. But I am not talking about a corporation. I am talking about American society. About the way democracy must work to be successful. Of course, this is also sound business management. A lost art practiced by a very few great firms. I have worked with countless firms, most of whom eschew such best practices. Instead I am talking about not giving a handful of people nearly complete control in any organizational construct. Even if by deference. People who are most often clearly flawed by greed and personal avarice at the expense of society's best interests. I can't overemphasize the importance of these dynamics in this crisis. It is a substantially key component to the collapse we are experiencing. Something you will absolutely not hear in the media or in the economics community. Mostly because they are indeed all part of the problem.
We have remarked before that this is the cycle that America's most successful unwind. Most Americans have been unwinding on some level for decades. Now we see the top ten to twenty percent of Americans suffering. And we can expect this trend to continue. Even anecdotal statistics such as insider buying and selling, used to determine the market mood, has become irrelevant. Insiders have been selling this entire rally. The largest rally since the age of Elmer Fuddstone. Not because they are somehow brilliant and see the future as many people continue to cite. Businesses are nearly universally bullish about the future as we recently highlighted. A near 90% bullish perspective on the future. We have clearly debunked that myth numerous times. But because they are unwinding to survive. They are forced to sell even as equity prices move higher.
Welcome to the new world. The real world. The world of truth. That our leadership is in fact lacking in the basic qualities of leadership. The very reason we see tremendous anger and bitterness at the town hall meetings as we highlighted yesterday. The media and leadership want to marginalize this dissent. Why wouldn't they? Their beliefs support an ideology that they know best and everyone else should fall into line. The American people clearly understand the leadership void. It is the very reason consumer sentiment polls aren't improving. The very reason why political polls are at record lows. The very reason why someone espousing substantial change was elected President. The world is going to become much, much worse as our leadership embraces the status quo in an attempt to save an economic ideology they falsely believe served them so well. That very irony will continue to ensure the global economy's collapse. Their collapse.
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