Fung Global Institute President Andrew Sheng says the central challenge for financial reform is reining in the sector, which has grown too big. Read more
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Terrorism and financial crises continue to grab headlines, but they pale when compared to three mega-trends that humanity must address in the coming decades. Read more
Leave a CommentRobert F. Bruner, Dean of the Darden School of Business at the University of Virginia, discusses the importance of financial crises. Dean Bruner discusses the 2008 crisis through the historical lens of a financial economist. Bruner focuses on the importance of studying past crises in order to better understand and mitigate future crises. Read more
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Among the abnormalities of the Great Depression in the 1930s were the brutal violence of the economic cycle and the grim persistence of unemployment — which resonates with us today. This time around very different economic dimensions have emerged, including excessive public debt made worse by bank bailouts, income inequality, and intergenerational warfare. Read more
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I think everyone who follows financial markets has crisis fatigue, and most would be happy and relieved if the era of financial crisis is truly ending. But as analysts we shouldn’t allow optimism and wishful thinking to lead to analytical complacency. Read more
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Germany may well be experiencing a real-estate bubble — and the explanation is straightforward: the European Central Bank has lowered rates in response to the global financial crisis that began in 2008, and then dropped rates dramatically in response to the euro crisis, which didn’t gain steam until late 2009, and then pushed rates near zero in late 2011 — where they have remained. Read more
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Politics is all about saying “yes.” But in an era of high debt and low growth, American history affords at least two interesting counterexamples: Warren Harding and Calvin Coolidge, former Republican U.S. presidents who improved the country’s fortunes largely by saying “no.” Read more
2 CommentsJames Ware, CFA, discusses the importance of leadership skills in the investment industry in light of the recent global financial crisis, how firm culture contributes to (or detracts from) success, and critical skills investment professionals need in today’s climate. Read more
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