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But that’s the Way it Goes

Published on July 7th, 2015

“Pancho was a bandit boy. His horse was fast as polished steel. He wore his gun outside his pants for all the honest World to feel. Pancho met his match you know, on the deserts down in Mexico. Nobody heard his dyin’ words… but that’s the way it goes.” – Merle Haggard & Willie Nelson Pancho & Lefty

Ilford FP4 125 shot on a Nikon F2A Photomic
Rodinal at 1+99 for 90 minutes at 22 Celcius

Two Hands that Shake the World

Published on July 6th, 2015

I’m interested in the journey of people through their hands. Not so much what they’ve said, because I’ve had many people say things to and about me over the years when they were too lazy or intimidated to follow through. I’m not interested so much in where people have been, or what they’ve seen. The hands speak to what these people have built and destroyed. What I’ve done. What they’ve done. These hands of mine sometimes shake the World.

Ilford FP4 125 shot on a Nikon F2A Photomic
Rodinal at 1+24 for 9 minutes at 22 Celcius

Greek Debt & the Sunk Cost Obsession

Published on July 5th, 2015

In the 1950s Germany had debt at 25 per cent of GDP (Gross Domestic Product) and the major lenders of that debt opted to let half of the debt go. Countries that let Germany off the hook included Greece, Spain, Pakistan, Egypt, the United States, the United Kingdom and France. This was public and private debt accrued before and after World War 2 that stood in the way of a rebuilt and stronger Germany. Greece needs the same strategy.

The current ratio of debt to GDP in Greece is at a ridiculous 177 per cent. While austerity as an economic panacea as espoused by Carmen Reinhart and Kenneth Rogoff is pretty well disproven. Although austerity measures still seem to dominate the minds of economists who have had careers espousing the austerity paradigm. In short, austerity isn’t the cure. Slowing down an economy isn’t going to fix it.

And if Greece has the little money it generates heading offshore as interest payments on further accruing debt then how can Greece rebuild a healthy economy? Is it about Greek debt? Or having collectors go around to break some legs?

Think of this as a simple business problem. A sunk cost problem.

Read the rest of this entry »

More Articles on StevenClark.com.au

  1. Two Hands that Shake the World
  2. Greek Debt & the Sunk Cost Obsession
  3. The Geometry of Light
  4. Well They’re Calling Time for Exercise
  5. The Dangerous Art of Blind Rage VII

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About the Author

Steven Clark Steven Clark - the stand up guy on this site

My name is Steven Clark (aka nortypig) and I live in Southern Tasmania. I have an MBA (Specialisation) and a Bachelor of Computing from the University of Tasmania. I'm a photographer making pictures with film. A web developer for money. A business consultant for fun. A journalist on paper. Dreams of owning the World. Idea champion. Paradox. Life partner to Megan.

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