Viewing entries tagged
New York's enduring magnetism

NEW YORK'S ENDURING MAGNETISM

NEW YORK'S ENDURING MAGNETISM

I’ve taken to begin these columns with a dateline because the global economic picture is unclear and can change on a dime.  There’s no magic bullet or one government tool that will repair our struggling world economy.  Are we headed for another recession as some economists forecast?  Pimco’s Mohamed El-Erian sees a financial crisis looming again as European sovereign debt spreads well beyond Greece and observes that all intervention despite being “massive” has not been enough to function as a “circuit breaker” to contain the quandary.