The Financial Crisis…Connecting the Dots.
Tuesday, September 30th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
For those of you who still wonder how our nation finds itself entangled in this current financial crisis, I want to share the following video which I believe very accurately connects the dots. I would encourage you to watch this video in its entirety, and then forward it on to others. The most important Presidential election in recent history is right around the corner, and your vote matters. I would ask you not to fall prey to the political rhetoric and gamesmanship, not succumb to panic, not to listen to media bias, and not to acquiesce to pressure from the politically correct. This country cannot afford more of Nancy Pelosi, Harry Reid, and Barney Frank. This country can not afford one day of Barrack Obama in the White House. This country needs the real leadership of John McCain.
Read The Full PostBailout Plan Rejected
Monday, September 29th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
I wasn’t sure Congress had the intestinal fortitude to do it, but the House did step-up and reject the proposed Bailout plan today…Much to the chagrin of Nancy Pelosi, Harry Reid, and Barney Frank, the majority of Republicans and 95 Democrats actually listened to the American people and said no to the Bailout. My hope in our elected representatives (at least some of them) has been temporarily restored. The Republicans have an alternate plan that will be put forth later this week that will more closely represent the “workout” I’ve described in previous posts than the Bailout that was killed earlier today. With your continued phone calls and e-mails to your representatives inside the Beltway we can avoid a disastrous Bailout and actually force Wall St. to pay for their own mistakes. Don’t give up the battle…For those who are fearful about the markets reaction today, I’ve outlined a few thoughts on the following page for your consideration…
We’re Being Duped…Again.
Monday, September 29th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
We’re being duped again…This rush to pass the Bailout plan is nothing short of self-serving fear mongering on the part of the people who caused this problem in the first place. Don’t you find it interesting that Congress convened at 7:30am this morning hoping to rush the vote on the Bailout plan before the American people could weigh-in? If the Democrats believe so strongly in this plan, then why don’t they just pass the bill? The Democrats have enough votes to carry this, they simply won’t do it without support from the Republicans. The Democrats want to be able to say this Bailout was a bipartisan act, and are looking for some Republican cover. Shame on the Republicans if they do this. This Bailout is bad for America, and stands for everything that’s wrong with big government politics.
Read The Full PostBailout or Train Wreck?
Thursday, September 25th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
Will today’s meetings in Congress produce a Bailout, or will the end result be just another cobbled together train wreck in the making? Is the Bailout a prudent step forward for our nation, or is it just another band-aid solution forestalling the inevitable? So, will Congress agree to a deal today? If so, will it be the right deal? Will it work? If not, what will be the market ramifications? In today’s post I’ll provide you with my thoughts on the aforementioned questions, as well as put forth some economic observations and alternatives for your consideration…
Don’t Panic…Plan.
Tuesday, September 16th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
I have been flooded by e-mails today asking for my thoughts on yesterday’s financial news. Lehman goes BK, Merrill Lynch is bought by Bank of America, the Dow closes down more than 500 points, AIG is on the brink of failure, so what’s next? My message is this; don’t panic…plan. Those of you who are frequent readers of this blog know that I predicted these financial events all the way back in 2006, provided subsequent updates and warnings in 2007, and have offered cautionary remarks this year as well. By way of background I invite you to read: “A Capital Markets Overview“ (November 2006), “Financial Market Update” (July 2007), and a piece that it explains why we are where we are, “Secondary Markets 101” (March 2008). Because I’m asking you to re-read three previous posts, today’s piece will be extremely short…
Recession Proof Your Business
Friday, August 22nd, 2008By Mike Myatt, Chief Strategy Officer, N2growth
Want to recession proof your business? Increase your marketing expenditures. If you’re the short-sighted CEO who cuts back on marketing, branding, and advertising budgets in an attempt to reduce costs, shame on you…Top CEOs recognize that economic slow-downs are not all doom-and-gloom. In fact, the smartest executives understand that swimming upstream against the conventional wisdom of the risk adverse can actually create significant opportunities for growth. By making heavy operating investments into marketing, advertising, business development, and sales initiatives, the aggressive enterprise can create significant competitive separation during a time when many are pulling back on such expenditures. In today’s post I’ll make the business case for applying contrarian thinking by becoming very bullish in the face of a waning economy…
The Bears Are Back
Wednesday, July 2nd, 2008By Mike Myatt, Chief Strategy Officer, N2growth
It was just a matter of time until it became official…The Bear Market has returned. The Dow Jones Industrial Average closed today at its lowest point since the summer of 2006 falling more than 166 points and finally coming to rest at 11,215.51 at the closing bell. Those of you who read this blog frequently know that I’m perhaps the antithesis of a pessimist, but I do consider myself to be a realist. While today’s close wasn’t necessarily any great surprise, it nonetheless merits coverage as this is just another piece of the economic puzzle that will vex many an unprepared CEO. In today’s post I’ll take a brief look at yet another sign of the rapidly declining US Economy…
Changing Times
Monday, June 9th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
For those of you who are not regular readers of the Myatt on Mondays posts, Monday is the day that I often set aside to answer questions from readers. However in today’s post I’m going to switch things up a bit and ask you to answer a question posed by me. I first warned our readers of the slowing economy more than a year ago, so my question is this: “In the last year what proactive changes have you made to your business to improve your ability to navigate the changing economic conditions that are presently vexing many a CEO?” In the text that follows I’ll give you a few places you might want to look at if you haven’t already…
Read The Full PostThe Economy…Getting Worse
Monday, April 21st, 2008By Mike Myatt, Chief Strategy Officer, N2growth
Intraday News Alert - Apparently the Economy is getting worse at a much more rapid rate than I thought. It is rare that I’ll make an intra-day post, but I felt it would be irresponsible not to report on some of today’s economic news. I have been stating for quite some time now that we are clearly in a recession while many academics are still debating the issue. However the real issue is not are we, or aren’t we, but rather how bad is it really going to get…
Read The Full PostSecondary Markets 101
Wednesday, March 26th, 2008By Mike Myatt, Chief Strategy Officer, N2growth
With the meltdown in credit markets over the past several weeks I thought it may be insightful to look beyond the typical cries of mutual greed on the part of lenders and borrowers alike to some of the lesser known underpinnings associated with this debacle. I’m not disputing for a second that many lenders have pushed the razor’s edge with aggressive, perhaps even in some cases predatory lending, and that many borrowers were (and still are) all too willing to accept potentially disastrous loan terms in an attempt to create a short-cut in the wealth building process. However my suspicion is that most of you reading this post don’t have clear visibility to the fact that there is a third head to the greed monster which I’ll reveal in today’s post…
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