Three Waves of Global Financial Crisis
December 31, 2013
The financial crisis reverberated around the world in three waves. The initial tsunami was the bank panic and “Great Recession” in the United States from late 2007 through early 2009....
Category: Global Markets
Capital and Crisis in Europe
September 30, 2013
For the second year in a row I was honored to accompany a delegation from the National Association for Business Economics (NABE) to Europe. We met with economists, bankers, and...
Can China Avoid the “Middle Income Curse”?
June 30, 2013
In June, global financial markets briefly shuddered when SHIBOR interest rates spiked to 13%. SHIBOR, the Shanghai Interbank Offered Rate (similar to its namesake LIBOR), is the interest rate Chinese...
Long-Term Drivers of Global Prosperity Remain Intact – Despite Current Pessimism
March 31, 2013
Over the past twenty years the global economy suffered through numerous crises including: the Latin American debt crisis, Mexican devaluation, Asian financial crisis, Russian debt default, Argentinian debt default, the...
