The G Times Philosophy – Read Posts
G Times is a kind of current events observer and analytic monitor of ‘happenings’ in our culture (and globally) that have special interest and application for Gyroscope Methodology, the markets, and wall street psychology. G Times operates from a “mentality” base. It explores and explains events from psychological and emotional vantage points. In our culture the term mentality is a colloquialism. However, from the viewpoint of a professional psychologist there are several factors one needs to consider. In this context mentality refers to a nexus of psychological constructs which include: attitude structure, value and belief systems, cultural background, cognitive style, emotional stability and temperament, world view and outlook, life experience in general, motivation, impulse control and judgment. G Times strives to uncover the emotional drivers (EDs) behind the event and behavior in question. EDs interact with mentality. Perhaps the best way to explore and understand what G Times does is through the power of example.
The Asian sociological and cultural pattern of “saving face” (maintaining dignity and prestige) may have been operating during (and prior to) the recent nuclear debacle in Japan in a manner that ultimately put Japan and the world in jeopardy. Absolute transparency is required to maintain safety in the nuclear age. Some analysts and scientific authorities have contended that a “culture of complicity” evolved in Japan to the point that scientific data was ignored and modern risk management theory was not practiced on a high enough level. An astute Wall Street writer, Michael Lewis, foreshadowed this disaster in 1989 when he wrote an article for Manhattan, Inc. entitled “How a Toyko Earthquake Could Devastate Wall Street and the World Economy.” Seemingly, the government’s policy of relaxing building and safety codes both in Toyko, and at the nuclear power sites at Fukushima, according to Kei Sugaoka, a Japanese-American nuclear inspector, helped lay the terrible groundwork for the current disaster. Breaks in world economy supply chains, in addition to massive human loss and suffering, have resulted. And the end is not in plain sight. Gyroscope Methodology would contend that a violation of virtue and honor helped lay the groundwork for these events as a function of greed, the quest for profit first, and oblivion to scientific fact and modern business management theory.
The G Times column will continue to publish posts on important events and observations that impact people and the markets here and abroad. The blogger will ‘exercise his options’ by exploring and relating his vision of G Times philosophy to a variety of diverse life events. Explore other G Times posts to enjoy the full flavor of this vantage point.
Future posts will focus on Credit Default Swaps (CDS), the “Too Big to Fail” panacea, profiting from “bubbles” [the Euro-Zone, Gold, Manhattan Real Estate], and Six Sigma [Motorola’s quality management brainchild perfected by GE].