Business Insider has compiled a colorful depiction of the largest debtor countries in the world. Here is the link: http://www.businessinsider.com/wef-countries-with-highest-level-of-government-debt-vs-gdp-2015-10. Does debt to GDP mean anything? The answer is maybe. And perhaps the second part of that answer is that it means a huge economic burden if there is intent to pay the debt back. […]
‘…then you’re lucky enough,’ as the saying goes. Having grown up in a proud Irish household, with ancestors stemming from County Mayo and County Meath, I was pretty excited to plan GIC’s conference in Dublin. Our program in Ireland, held September 28-30, was the seventh out of our eight international events held in celebration of GIC’s 40th Anniversary in 2016, with the final event taking place in Madrid the following week on October 2-4.
Business men and women, trade officials and EU bureaucrats don’t often see themselves as peace builders. Yet that is the real outcome of their professions. Without the trade they foster and make possible, the continent would not just be poorer but more violent. This might sound like a bold claim but let’s briefly put the achievement of EU trade and the single market in context.
Why is Zika so important that you write about it often?” I have gotten that question many times. An update on the Zika situation follows. But first let me offer an explanation as to why I write about it. I believe that health issues and disease threats offer us the chance to assess the functioning of a political system. SARS, Ebola, bird flu, and now Zika show whether or not the political system can be proactive. The quality of governance of a country is revealed, and its functionality [...]
In the lower part of Montana, about 50 miles south of Bozeman and hidden in the hills beyond several miles of unpaved roads, perched upon a hilltop near the Gallatin National Forest, you’ll find Hubbard’s Yellowstone Lodge. An Orvis-endorsed and award-winning fishing lodge in the summer, a hunting lodge in the autumn and for the […]
GIC has partnered on The Bottom Line of Disabilities program series for a few years now with the Columbus Community Center, based out of Salt Lake City. Columbus is an innovative nonprofit agency that works strategically with stakeholders to support individuals so they can make informed decisions, pursue meaningful careers and live with independence in the community. […]
Since 2014, the Global Interdependence Center has partnered with the Columbus Community Center, based out of Salt Lake City, on a series of programs called “The Bottom Line of Disabilities.” At these events, we explored the social and economic impacts of disabilities in general, as well as incorporating adults with disabilities into the workforce. While […]
The British are leaving! The British are leaving! – Maybe. Friday provided a profound shock for the financial markets as the UK voted to leave the EU in the Brexit referendum. Over the past week, following the assassination of Labour MP Jo Cox, polls had shifted from favoring Leave to favoring Stay – right up until the last polls before voting. Indeed, even UKIP party leader Nigel Farage was indicating Thursday that Stay would scrape out a victory. The unexpectedness of the outcome generated substantial volatility and market angst in part because over optimism had led some to exit protective positions and they were forced to run to cover. What we learn from this is that predicting the future is never easy. Now economists have both weather forecasters and pollsters to joke about.
Before the Brexit vote and market turmoil I was privileged to share interview time on the “The Larry Kudlow Show,” hosted by Larry Kudlow, with a longtime friend, Jeff Kleintop of Schwab. Larry, Jeff, and I have had many discussions about markets and economics over the years. In addition to discussing the pros and cons […]
The June 23rd Vote That Has Global Markets on Edge Bill Witherell Chief Global Economist Cumberland Advisors Voters in Britain will be deciding next Thursday, “Should we stay, or should we leave?” – that is, should Britain exit the European Union (the option known as Brexit) or remain a member? Early polls indicated a sizable […]
I write as a follow-up to our South America trip. For a terrific summary of the Argentina-Uruguay experience, we offer the “Weekly Economic Update” from Michael Drury, GIC chairman and chief economist at MacVean. The report is available here: http://www.cumber.com/pdf/EU05-13-2016.pdf. We thank Michael for permission to link to his commentary. Meanwhile, the former president of Argentina […]
When Moody’s recalibrated Uruguay’s national rating scale and repositioned the national scale ratings of seven Uruguayan banks and other financial institutions, it was careful in how it worded the text of the release. Moody’s subscribers may access the details; others may wish to refer to this article: https://www.moodys.com/research/Moodys-recalibrates-Uruguays-national-rating-scale-and-repositions-national-scale–PR_348355. The May 9 information release caught some […]