June 27, 2012

Scenario Planning Economic Insights: Frank Newman's "Six Myths" Reviewed

FSG partner Charles Perrottet has initiated a series of FSG Outlook blog entries exploring Frank Newman's recent book Six Myths That Hold Back America. Six Myths is a thought-provoking and useful read for scenario planning purposes, as it poses alternative interpretations of today's big economic and financial dilemmas. As scenario consultants, we greatly value this kind of informed, thoughtful analysis, which challenges conventional wisdom--and sometimes our own mental models. The author argues that issues like trade deficits and the federal debt are widely misunderstood in the media. Newman is a former bank CEO who served in senior Treasury Department roles before becoming CEO of a large Chinese bank -- the first American to hold such a position.