Faculty News

Professor Michael Spence shares his views on the global economy, the Federal Reserve leadership transition and China's debt

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Excerpt from Bloomberg -- ".. if you are a skeptic about the turbulence and populism and so on we see, you could look at the global economy and markets and say things are going well. We have a synchronized growth acceleration, pretty much globally, markets are at all-time highs, show low volatility, relatively little nervousness, reasonably calm reaction to the withdrawal of monetary stimulus, and so on. So it looks like we are in much better shape than we were ten years ago. So the question is, what disorder? And I think the answer has to do with the rising tide of political and social polarization, especially in the west..."

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