Adverse new circumstances are almost universally viewed as being very temporary by those with the authority and opportunity to do something about adapting to the irresistible forces involved. A revealing example of this psychology at work occurred in the U.S. savings and loan industry during the 1980s.
At that time, the country was wracked by a very high rate of inflation and a desire on the part of Presidents Carter and Reagan and the Federal Reserve to bring that inflation quickly under control. Interest rates soared to very high levels and stayed high as a result.
For savings and loan institutions (S
About the author of this article:
donald mitchell is an author of seven books including adventures of an optimist, the 2,000 percent squared solution, the 2,000 percent solution, the 2,000 percent solution workbook, the irresistible growth enterprise, and the ultimate competitive advantage. read about creating breakthroughs through 2,000 percent solutions and receive tips by e-mail by registering for free at
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