X?

Responses to the financial crisis so far have been ad-hoc. Do we need an overarching strategy?

Sixty-one years ago George Kennan authored an article that laid out a broad vision for confronting and containing the Soviet threat. This framework gave U.S. policy-makers a structure from which to approach various crises, such as the Berlin blockade, The Korean conflict, and the Cuban missile crisis. The article was general enough to be applicable in lots of different situations and non-partisan: it didn’t waste time with recriminations or attempt to score political points.

By contrast, most of the current analyses of the our financial crisis have been partisan, political, and overly specific. To address the current economic mess effectively will require an approach that is creative, comprehensive, and intellectually honest.
We are facing a global economic slowdown that has wide-ranging implications. “Without vision the people perish.” We are waiting for our economic “X.”

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

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By | 2014-09-04T15:31:16+00:00 December 4th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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