Ever since the U.S. severed the last remnant of the dollar’s link to gold in 1971, economists have been searching for a new rule for monetary policy. The Great Inflation of the 1970s only reinforced the notion that rules trump discretion. But what sort of rule exactly?
In a survey conducted by IBM in 2010 with more than 1,500 CEOs worldwide, 80% of leaders anticipated greater complexity in the future, but fewer than half of them felt confident to deal with that complexity. The business environment today has indeed become mindboggling complex due to accelerating globalization and rapid technology changes. Intelligence alone won't be enough to deal effectively with the escalating complexity. Rather, what leaders...
Roger Ferguson, chief executive officer at TIAA-CREF, and W. Michael Hoffman, executive director of the Center for Business Ethics at Bentley University, discuss the university's "Business Ethics and the Financial Service Sector" event. Ferguson and Hoffman talk with Bloomberg's Pimm Fox and Vonnie Quinn on Bloomberg Radio's "Taking Stock."
Michael Cuggino’s Permanent Portfolio has been sticking with the same asset mix for almost three decades, a combination of gold, silver, the Swiss franc, stocks and bonds meant to guard against inflation and recession.
This year is supposed to be like 1932. That’s what you would believe after reading commentators who compare current patterns in the Dow Jones Industrial Average to those at the end of Herbert Hoover ’s presidency.