Video

Should We Put a Price on Water?


Video

Is Climate Change Too Big for Business?



Top of Mind

On the Other Hand

What’s happening to the global economy? Dozens of equity markets have fallen into bear territory. There’s solid job growth in the U.S., but China is struggling to avoid a hard landing. The Fed is confident enough to raise interest rates, but oil prices have crashed.

The atmosphere is one of profound uncertainty. “What makes these falling prices unnerving,” the New York Times says, “is that it’s hard to tell a simple story about what is driving them.”

What’s the worst-case scenario? “We might be at the edge of a global recession,” said Citibank’s Christian Schulz on Bloomberg. In the fourth quarter of 2015, global growth approached the 2% mark—and central banks have few options remaining. “It’s a vulnerable situation.”

The drop in equity markets may simply be a needed correction, the Economist noted. But, the magazine wrote elsewhere, “whether the market gyrations are rooted firmly in fundamentals or not, they could themselves be a source of economic instability…. A recession, after all, is nothing more than a rut of self-ratifying pessimism.”

Feature
Opinion
Q & A
Research

Recent Insights


Video

How Global Should India Be?



Research

Why Good Advice Is Often Bad



Video

What's Next for the Eurozone?




Contributors


Professor K. Sudhir
K. Sudhir
James L. Frank ’32 Professor of Private Enterprise and Management, Professor of Marketing & Director of the China India Insights Program


Stuart Patterson
President and COO, RAMP

Dan Ariely
James B. Duke Professor of Behavioral Economics, Fuqua School of Business, Duke University


Daniel Gross
Managing Director, Oaktree Capital Management

Professor James Baron
James N. Baron
William S. Beinecke Professor of Management

Professor Rodrigo Canales
Rodrigo Canales
Associate Professor of Organizational Behavior

Jacob S. Hacker
Stanley B. Resor Professor of Political Science and Director of the Institution for Social and Policy Studies, Yale University

Jeffrey A. Sonnenfeld
Senior Associate Dean for Leadership Programs & Lester Crown Professor in the Practice of Management

Latest Tweets

What’s nature worth? A new study offers a framework for valuing natural capital. Via

10 hours 30 min ago

High-deductible health plans aim to turn patients into consumers. New evidence that they’re not working as expected.

11 hours 4 min ago

Would full employment unravel a series of economic woes? Is there a full-employment-productivity-multiplier?

1 day 7 hours ago

New research shows that TV ads are valuable to viewers—as a risk-free chance to look for a better show.

1 day 8 hours ago