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Quantitative Solutions for Business / Family Wealth Transition Unconflicted  Investment Counsel Pragmatic Wealth Management &
Now what?
THE ECONOMIC STORM
The Rainier Group … complex analysis resulting in  simple solutions … Strategic Investment Advice…  [email_address] HIT !
So  WHAT was that ?
[object Object],Credit Cards Television
[object Object]
SAVINGS RATE USA
BUT  ,[object Object],[object Object],[object Object]
BANK’S FOUND A WAY … ,[object Object],[object Object],[object Object]
FED CLOSES WINDOW
SECURITIZATION   WAS THE ANSWER ! FANCY WORD FOR HOCK
LENDING STANDARDS TAKEN OFF
LENDING TAKES OFF !
By The way  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
And we ended up with the  Great  Recession No illiquidity in the Economy Inability to repay debt
So  Now what Lessons from history
Depression Depth ‘33 over ‘36 But double dip  Needed jolt !
The CRASH
[object Object],[object Object],[object Object]
Get the Nation Going  UNIFYING FORCE
How did we unify national interest ? How did we Drive the Savings That created Capital ?
Found a common enemy
 
Increased Production
 
Increased ECONMYS Cash
 
Maximised Utility
 
Accepted  ASTERITY
 
We grew savings  Foundation for growth of the economy
 
 
 
Growth of GDP
So where are we now Savings going up
 
GDP  Clawing  back
 
 
To Avoid the Double Dip Unify  Find common ground
We repeat history Good will prevail discipline
 
Politicians  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Politicians continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1924–1945 [edit] Legislative Branch Marion Zioncheck (D-WA) Killed after he jumped or was possibly pushed out a window in Seattle, WA while still in office. He was known to have been feuding with J. Edgar Hoover. (1936) [263] Hiram Bingham Senator (R-CT) Censured for hiring to his staff a lobbyist employed by a manufacturing organization. (1929) [264] [edit] Judicial Branch Halsted Ritter (R) U.S. District Judge of Florida, impeached for secretly taking a $4,500 fee from a former law partner. Convicted of bringing the judiciary into disrepute (accepting free meals and lodging during receivership proceedings.) Removed from office. (1936) [265] George English (D) U.S. District Judge of Illinois, impeached for taking an interest-free loan from a bank of which he was director. Resigned before his Senate trial. (1926) [266] [edit] 1921–1923 Warren G. Harding Administration [edit] Executive Branch scandals Warren G. Harding (R-OH) President 1920–1923. His administration was marred by scandals stemming from men in his administration who followed him from Ohio who came to be known as the Ohio Gang.[267] They include; Albert Fall (R-NM) Secretary of the Interior who was bribed by Harry F. Sinclair for control of the Teapot Dome federal oil reserves in Wyoming. He was the first U.S. cabinet member to ever be convicted; he served two years in prison. (1922) [268] Edwin C. Denby (R-MI), Secretary of the Navy: resigned for his part in the Teapot Dome oil reserve scandal.[269] Harry M. Daugherty (R-OH), Attorney General: resigned on March 28, 1924, because of an investigation about a bootlegging kickback scheme by his chief aide Jess Smith. Found not guilty. (1924) [270] Jess Smith (R) aid to Attorney General Daugherty (R) who destroyed incriminating papers and then committed suicide.[270] Charles R. Forbes (R) appointed by Harding as the first director of the new Bureau of Veterans Affairs. After constructing and modernizing VA hospitals, he was convicted of bribery and corruption and sentenced to two years in jail.[271] Charles Cramer (R) Forbes' general counsel, committed suicide. (1923) [272] Thomas W. Miller (R-DE), Head of the Office of Alien Property: convicted of fraud by selling valuable German patents seized after World War I for far below market price as well as bribery. Served 18 months.[273] [edit] Legislative Branch
tTean p ,[object Object],Teapot Dome
He took the fall  Or  He was the “Fall Guy”
Took the fall  ,[object Object]
Warren G. Harding Warren G. Harding
 
We survived them…
But the banks are gone ! Yes  And that is good because you have the capital and character
There are positive signs
 
 
 
 
We did it before We will do it again
 
 
But  We are going to have to do it together
Unconflicted investment counsel  Quantitative Wealth Management [email_address] 415-407-0228

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