Over the past week, the coronavirus has gone from an Asian contagion with ripple effects on international supply chains to a global pandemic that will plunge the whole world into recession.
Read moreWillem Hendrik Buiter, James Harmon, Alan Patricof and Zachary Karabell at The Common Good Forum
This panel focuses on the global economic environment and regional economic growth. Where is growth likely to come from? Is the U.S. still the major catalyst for growth? Will Europe hold? Is China slowing down? Are frontier and emerging markets still sources for great growth?
Read moreIs 2015 Really the Year for Foreign Stocks?
Famed Nobel Laureate Robert Shiller made some waves recently when he suggested that he might sell his holdings of U.S. stocks and instead buy European equities. The reason? “Europe is so much cheaper.”
Read moreDon’t Turn America Into Europe
The Europeans—some of them, anyway—are finally beginning to concede that austerity has gone awry. There’s less growth, more structural unemployment, little bank lending and economic contraction. And now, of course, we have a political backlash in the person of Alexis Tsipras, the leader of Greece’s Syriza party, who upon winning the prime ministership last Sunday declared grandly (and probably over-optimistically) that Greece will now “leave behind the austerity that ruined it.”
Read moreEurope's Doomsdayers Were Wrong in 2010, 2011, and 2012—and They're Wrong Today
After a pleasant lull over the past six months, panic over the fate of Europe has flared once again. Just weeks ago the elites of Davos exuded confidence that the crisis had passed; the events of the past weeks showed how ephemeral such certainty can be.
Read moreWhy Should We Thank the Economy?
What do we have to be thankful for from the economy this Thanksgiving? Newsweek & The Daily Beast's Zachary Karabell weighs in—and let's just say it starts with Europe.
Read moreZachary Karabell: Don't Worry About Greece
Greece may be spooking financial markets, but not to worry, says The Daily Beast's Zachary Karabell. The reason? Greece just doesn't have an economy large enough to cause to a major meltdown in Europe, much less the world.
Read moreKarabell: The Worst-Case Scenario for Europe
Zachary Karabell on what could be the worst-case economic scenario for Europe.
Read moreKarabell: Are European Leaders Being Timid?
Zachary Karabell on whether European leaders are being too timid about the financial crisis.
Read moreZachary Karabell on the European Debt Crisis: Watch Video
Zachary Karabell talks about what Europe’s debt problems mean for us—and why we shouldn’t be scared.
Read moreKarabell: Understanding Europe's Economic Crisis
Zachary Karabell on what Americans don't understand about the crisis in Europe.
Read moreMarkets Spooked by S&P Downgrade but Have No Alternative to U.S.-led System
And the beat goes on. Global markets have begun to digest the fallout from Standard & Poor’s scurrilous downgrade of American sovereign debt, and equity markets in Asia and Europe opened lower. Odd pockets of perceived safety rallied, like Swiss francs, and of course gold soared, as investors attempted to win the game of musical chairs on the deck of the Titanic.
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