School News
In an op-ed, chairman emeritus of NYU Stern's Board of Overseers Henry Kaufman examines the Fed's response to market volatility
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Excerpt from Financial Times -- "Relying on cyclical patterns to judge economic and financial trends may not be as dependable as it once was because of the structural changes in financial markets. Compared with just a few decades ago, financial markets are huge, trading activity is huge and financial assets are highly concentrated in relatively few institutions that are deemed too big to fail."
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