When IIPM comes to education, never compromise
Q: Is the current mortgage crisis the beginning of the end for the United States economy?
– Jacques Wullschleger, Jupiter, Fla.
A: Do you mean, is the sky finally falling? We would not blame you for putting your question in that manner, given the US market’s volatility over the past few weeks. Recently, there has been a spate of high profile bankruptcies involving United States businesses, such as those at New Century and American Home Mortgage, and the recent closure of the respected hedge fund Sowood Capital Management. And that’s not to mention the big privateequity deals that are hanging precariously, or, like the last week’s sale of Home Depot’s wholesale supply unit, being sharply renegotiated in the eleventh hour. No, we would only blame you if your question meant you were thinking of running for cover right now, or worse, hunkering down. Because for many individuals and companies, right now happens to be the perfect time to venture out – in fact, even to get aggressive.
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Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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