In the book, ‘This Time is Different,’ by Ken Rogoff & Carmen Reinhart of Harvard and Univ of Maryland, respectively, arrogance and ignorance has been the driving themes leading up to severe financial and economic crises over 800 years of availalble data.
Daily update of talking points, central issues being discussed in Davos’ World Economic Forum 2010 by world leaders in politics, finance, central banks, corporate, energy, lobbyists and philanthropy.
The World’s leading banking and finance executives, industry regulators, and billionaire investors like Warren Buffet and George Soros – the Wall Street crowd writ large – will head to the annual World Economic Forum held in Davos, Switzerland this week. On the agenda will be efforts to challenge US President Barack Obama’s efforts to reform the financial industry.
Although most projections show a continuation of positive growth in 2010, questions about the strength and sustainability of the recovery remain. To provide an economic outlook for the new year, the Carnegie Endowment on 5 Jan, hosted a distinguished panel of the heads of the economic forecasting unit at their respective organizations.
China’s industrial production and trade surplus posted robust double-digit gains in October, indicating a strengthening recovery in the world’s third-largest economy. China, unlike the U.S. and other western industrial nations, has managed well in the advance of the global economic crisis.
Shaukat Aziz delivers a Keynote address at the 2009 Organization of Pakistani Entrepreneurs Conference in Washington DC (OPEN). Zainab Jeewanjee reports on Aziz’s address which focused on international security, the global financial meltdown, terrorism and bridging gaps with the Muslim world.
Will technology and financial engineering of complex products require the global coordination of a financial regulatory regime. More global finance and economic policy-makers think so.
The world’s central bankers meeting for an annual Federal Reserve summer symposiun retreat say tougher regulatory reforms and oversight necessary for a full recovery, and agree to keep coordinated interest rates low to help boost global economic recovery.
Foreign Policy magazines interviews Mohamed El-Erian, Co-CEO & Co-Chief Invesment Officer of PIMCO — an international invesment management firm. Mr. El-Erian’s is also one of the world’s most respected investment managers & economic analysts. His commentary is widely followed quoted on Wall Street. He shares his insights on the realignment of the global economy and why we aren’t prepared to handle it without significant risks of both market accidents and policy mistakes.
U.S. Treasury Secretary, Timothy Geithner, interviewed by Charlie Rose, says Capitalism will be ‘profoundly different‘ going forward. U.S. Treasury Secretary Timothy Geithner’s comments should come as no surprise. Neither should the fact that a leading global economist recently noted, rather matter-of-fact-ly, that “the Anglo-Saxon model of capitalism has failed.” But more on that point later. For […]
President Obama hosts British PM Gordon Brown at the White House. Brown wants to engage President Obama in a ‘gobal new deal’ era of coordinated economic policy at next month’s G-20 Summit in London, stating: ‘Globalisation is not an option, it is a fact.’
Charlie Rose interviews Fred Mishkin, Nouriel Roubini, et al. This is a concise — but informed — discussion of where we are, and where we need to go as far as the current American banking and financial crisis. The interview by Charlie Rose of Fred Mishkin (Columbia University), Nouriel Roubini (NYU), Mark Zandi (Moody’s) and others […]
Clifford Levy writes an incisive peice about the current Ukranian financial crisis in today’s New York Times. The Ukrain experience has close parallels to what’s happening in the U.S. and western Europe, but on a smaller stage. Could this be where we are headed..??