Harvard Business Review

JULY 9, 2012

The latest Euro crisis summit was different from the 19 others that preceded it in one very important respect: The PR department of the EU played this one very well. Yields on sovereign bonds fell immediately following the deal's announcement. For example, the generic yield on Ireland's nine year sovereign bonds fell from 7.1

GDP 13

GDP Banking Bond Real Estate 13

Harvard Business Review

JANUARY 9, 2015

Prior to the global financial crisis, deflation looked like a uniquely Japanese problem. The policy response to the global financial crisis exacerbated and entwined these trends still further. Interest rates of zero meant that central banks took to targeting asset prices – stocks and bonds – to boost spending.

GDP 8

GDP Bond Banking Policies 8

Harvard Business Review

APRIL 17, 2013

I couldn''t help but think back to that as controversy erupted this week over Harvard economists Carmen Reinhart and Kenneth Rogoff''s oft-cited three-year-old finding that economic growth plummets when a country''s debt-to-GDP ratio exceeds 90%. growth in countries with debt/GDP of more than 90%, they came up with 2.2%

GDP 8

GDP Bond Sample Sharpe 8

Harvard Business Review

JUNE 26, 2012

debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% Each ended in crisis. To cover this deficit, Mexico had to borrow 7% of GDP a year. Even government bonds were yielding some 10% annually in dollars. The resulting crisis echoes those in Chile, Mexico, and Argentina.

GDP 9

GDP Banking Price Crisis 9

Harvard Business Review

NOVEMBER 21, 2012

Other countries sometimes have actual fiscal crises, when investors around the world (not to mention most locals) lose confidence in their government bonds and/or their currency. The then-sainted Alan Greenspan had given them ample cover, by expressing concerns that surpluses might eventually kill the bond market. Well, maybe.

Budgeting 8

Budgeting Bond Committee Commitment 8

Harvard Business Review

AUGUST 24, 2012

trillion — more than the GDP of most countries. Many immigrant families experienced crisis and change in their mother countries, which can make them more proficient at anticipating crisis and managing change before circumstances force their hand. The companies noted in this study had combined revenues of $4.2

Career 14

Career GDP Crisis Long-term 14

Harvard Business Review

JANUARY 7, 2014

I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes. It’s true of GDP. It missed the crisis. The IMF missed the crisis. My friends at J.P.

Long-term 9

Long-term Banking Short-term Finance 9