Kristin Moyer

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Kristin R. Moyer
Research Director
11 years at Gartner
18 years IT industry

Kristin Moyer is a research director in Industry Advisory Services/Banking and Investment Services. She has more than 17 years of experience across the global high-technology industry in a variety of roles. Ms. Moyer's research coverage includes card… Read Full Bio

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Tip of the Iceberg

by Kristin Moyer  |  September 15, 2008  |  1 Comment

Just when I thought (hoped?) things couldn’t get worse, they did.  I tend to really unplug on the weekend.  I don’t generally do professional e-mail type stuff on the weekend.  I don’t even usually crack a newspaper other than to look at the headlines when I pick it up off the driveway after an early morning run or mountain bike ride.

Usually, I start my weekday mornings early by reading the Wall Street Journal and other industry publications.  This morning I started working on a presentation I give in Sweden next week rather than catching up on the news.  I could tell some big things had happened over the weekend by the way my colleagues were chit chatting before our Back Office Research Community call at 8:00 this morning.

Sure enough, this past weekend was a long one for American finance, with major happenings at Lehman Brothers, Merrill Lynch and AIG.  The Dow dropped >500 points today.

Gartner is a technology firm, so in general we tend to focus more on IT than economics.  But, we follow the economics and business patterns of the financial services industry to get a view for IT impact.  With this in mind, we believe that the financial services industry is going to see major restructuring over the next five years on a scale that we haven’t seen in our life time.  This is just the tip of the iceberg.

By the way, who is glad to see Paulson’s “no bailout” stance?  I for one am glad to see it.  The US government shouldn’t come riding to the rescue in every situation.

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1 response so far ↓

  • 1 Dave Evans   September 19, 2008 at 9:55 am

    So much for Paulson’s ‘no bailouts’ … – AIG? I agree with your tip of the iceberg comment; having sown the wind, regulators are reaping the proverbial whirlwind.
    Regards Dave.