Worldwide Offices
Leading Economist Roger Martin-Fagg provides his latest Economic Update . Vistage members can access the economic update in full via Vistage Village, please find below an excerpt The Euro Mess When Germany unified in 1990 it began a substantial transfer of income from West to East. With typical German efficiency, they put themselves through an economic boot camp. The SME sector underwent radical change, supported by the regional banks who were underwritten by the 16 regional Governments. Real wages fell as unions agreed to pay cuts. State benefits were reduced, particularly for sickness and disability. Companies invested in R&D, new plant and equipment and apprenticeships. The result was a 20% drop in unit labour cost compared to the rest of the EU, and a rise in unemployment
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Leading Economist Roger Martin-Fagg provides his latest Economic Update Vistage members which they can access in full via Vistage Village, please find below an excerpt The recent market turmoil The collapse and current volatility in most western equity markets is consistent with what we know about how our brain works in times of stress. During our evolution our brains developed three distinct parts. The first to evolve is a central core which is structured to ensure our survival. It responds rapidly to perceived danger and controls reflexive behaviour by shutting down bodily functions which are in shock: this is the basic instinct designed to allow us to survive. The second part came later; this controls social desires and emotions such as intuition, sexual urges, anger, unhapp
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Following on from Vistage economist Roger Martin-Faggs last article on this blog on the Euro and Eurozone, which is proving to be very accurate, please find his postscript below in light of the events of recent days. "The Footsie is 5400 as I forecast it would be in January. The markets have just realized that the global economy is slowing down rapidly, again as forecast. All this is no surprise to Vistage members; the supply of bank credit is insufficient to maintain growth in the West. The Euro system is unsustainable, Greece will default, they have just realized. Double-dip by the end of the year, my forecast will have been just three months out!! There will be calls for more quantitative easing, but this has no impact
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and that’s old news to Vistage’s economist, Roger Martin-Fagg…
As reported this week by the BBC, and confirmed by the Bank of England Governor, Mervyn King, the UK's economy suffered a shock contraction of 0.5% in the last three months of 2010, figures have shown.
The figures are set to raise concerns over prospects for the economy, with large public spending cuts expected to come in this year.
The contraction follows four straight quarters of growth, and took most economists by surprise – but not Roger Martin-Fagg, Vistage’s E
One of Vistage's top speakers is Roger Martin Fagg who also provides our members with economic updates throughout the year to help our members get an understanding of the economic outlook and the impact on their business. Roger focuses on how the economy really works and on the links between FT100 reward systems, the behaviour of banks and economic instability. He also researches his clients trading environment as a necessary component of his teaching. His book ‘Making Sense of th
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Vistage UK speaker Roger Martin-Fagg has released his October 2009 economic update for the UK, available to Vistage UK members
In the report Martin-Fagg says there's no quick, or even slow-paced recovery on the horizon. He projects a "W-shaped" recovery. In this scenario the UK will have a second leg of decline, not quite as severe as the first leg. That second leg will come as the government money t
