Financial services companies trying to get patent protection to preserve their dominance – another sign for financial troubled time
Marla Guthrie
Dec. 30, 2006

In late eighties Japanese financial institutions did the same. They rushed for intellectual property matter protection at the end of the bull market when Nikkei was well above 40,000. After the mad rush to obtain the patents to protect their pseudo-dominance, the world fell apart for Japanese financial institutions. Fourteen years later, Nikkei was struggling to hold 10,000 in its card.

Something similar is happening today in the Wall Street. The number of US patents issued for financial services has soared this year. The financial institutions are racing to protect their ‘easy money’ edge by obtaining record number of patents. The whole year saw a staggering 242 patents in the US financial services category. This is unprecedented and reminds people of Japanese fianncial institutions in late eighties.

The problem with this approach is that the financial markets are driven by ‘quantum statistics.’ No single model works for a long time. In other uncertainity overides the show. That is exactly what happened in Japan. To the disbelief of all experts, Japan went into deflation with zero percent interest rates in nineties.

Financial services companies trying to get patent protection to preserve their dominance – another sign for financial troubled time
Marla Guthrie
In late eighties Japanese financial institutions did the same. They rushed for intellectual property matter protection at the end of the bull market when Nikkei was well above 40,000.
READ MORE>>

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