John Fullerton worked at JP Morgan for over 20 years in senior level positions including as the former head of global derivatives. When he left in 2001, the Wall Street fixed income markets were a different place. In those days according to John, there was a deeper sense of honor and personal responsibility that was lost in the build-up to the financial crisis and the questionable ethics that remain in the mortgage securities and lending markets today.
Capital Institute’s John Fullerton discusses, “Finite limits in the Anthropocene, the new geological era where the destiny of the planet, our home, is literally in our hands, come in many forms. Renewable resources such as fisheries require “scientific quotas” to limit how much can be taken per year without triggering collapse as the Economist nicely reports. Waste sink limits, such as the greenhouse gas limit of the atmosphere necessary to avoid out-of-control warming, also require the constraints of “scientific quotas.”
If one believes as I do that global warming poses a “serious threat,” i.e., a threat of potentially and even likely catastrophic consequences, then the XL pipeline provides a useful and timely “line in the sand” that can be used to call the question, and alter the course of the global economy before it is too late.
This former banker, and now sustainability investor and humble blogger, will not offer grand predictions for 2012. Forecasting in a world of rising uncertainty suggests a lack of understanding about uncertainty. Instead, inspired by my holiday reading, Debt: The First 5000 Years, by anthropologist David Graeber, I will take up the debate about the debt, and offer an uncomfortable third view: jubilee (in some form) is inevitable.
by Capital Institute President John Fullerton – A $20 trillion “externality” appears to present civilization with its BIG CHOICE: economic destruction or ecological destruction, both with chilling global security implications. Here’s why, along with a practical and more hopeful alternative to “Sophie’s Choice.”
“As an ‘impact investor’ in Grasslands, one of the true, unanticipated delights has been the amazing quality of the people the project has attracted. By connecting one’s investments with, and in the process building life experiences and careers for, real people doing real wealth creating work connected to the land, an investor experiences a profoundly different meaning in the word “value” than experienced when picking a good hedge fund to invest in. This is what we mean by the “purpose of capital” at Capital Institute.“
Jobs. Depending on how you count, the challenge is 7 to 10 million net new jobs in the United States over the next 5 years or so from a current base of about 130 million. A five to seven percent increase, the sooner the better. Here’s how.
Former JPMorgan Managing Director John Fullerton compares the current S&P credit downgrade to the days when JPM lost its AAA shine. He recalls that while it hurt the psyche and bruised the egos of employees, in the end, it made them better. John through his 18-year career at JP Morgan, managed multiple capital markets and global derivatives businesses, [...]
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