Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – LMFC
President & CEO – The Bank of Holland
SVP of Shared Services - LMFC

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

In the last decade, the American economy has been undone by a series a bubbles.  First was the dot com bubble, followed by the real estate bubble, and now, possibly, a gold and/or bond bubble.  A researcher at the Baylor College of Medicine believes this tendency might be hard wired in our brains.  

Read More Article Microscopic Microeconomics from The New York Times.

The United States is a country of immigrants.  Over our history, it has been a source of economic strength and many of our finest companies and best ideas were developed by immigrants.  We need to understand the benefits of and develop a mindset to gain the benefits from this competitive advantage as we compete for talent with other countries.  

Read More Article Immigrants Can Help Create More Jobs from The New York Times.

In the mid 30’s, Congress passed a bill called the Hawley-Smoot tariff bill that increased tariffs on imported goods.  Many economists argue this caused the economy to fall back into recession in 1937.  The consequences of this bill are important to remember as the protectionism drumbeat continues in the current election cycle. 

The article is written by John Gordon Steele who also wrote ‘An Empire of Wealth: The Epic History of American Economic Power’.  This is a wonderful book that outlines the business history of our country and reminds us of the fundamental strength of our economy and country.  It is worth reading if you could use perspective on the current economic affairs of the country and world. 

Read More Article The Great Mistake from Barron's.

The nation (and the world) has suffered a financial trauma and it will take years to get healthy again.  In this election season, we have an endless supply of answers and ideas of what we should and shouldn’t do.  Policy makers won’t admit in public what most of us know.  They can’t fix the economy because no one can.  It will take time and a commitment to return to the development of world class labor skills and education as well as a recommitment to compete with emerging businesses anywhere in the world.    

Read More Article Who can magically fix the economy? from Fortune.

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