Politicians in Washington need to think about the big picture, and not solve our long-term debt problem like a student cramming for an exam she's not prepared for.
Is it likely that the Dow Jones Industrial Average is flirting with five-year highs right before we are about to go into recession? The answer is obviously no, but there is another factor that has been introduced into the equation.
NEW YORK -- The U.S. risks a "lost decade" if politicians keep pursuing the same failed policies, according to Mohamed El-Erian, chief executive of th...
NEWPORT BEACH – The conventional wisdom about the November presidential election in the United States is only partly correct. Yes, economic issues w...
For the economy to grow robustly for a number of years, Washington needs to move simultaneously and boldly on a number of different policy fronts. Otherwise, actions taken in any one area would be quickly undermined by lack of progress elsewhere.
Behavioral finance specialists will have a field day with the Facebook IPO, as it speaks volumes to an issue that differentiates them from those that espouse the efficient market hypothesis -- namely, that investors can be vulnerable to mistakes dictated by unconscious biases.
Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.
Smart delevering isn't just about cutting -- and the relentless emphasis on cutting has obscured the more important question of what is being cut. In far too many cases, our approach to delevering is keeping us from growing, and keeping us from tapping into all our resources.
Many observers question whether today's business leaders have a heart when it comes to their role in the country's growing income disparity. A more appropriate question might be to ask whether they have a head.
When one compares policymaking episodes around the world it seems clear that there is more at play than the content of policies. The mindset of policymakers and the process of policymaking seem to also have a lot to do with the disappointing outcomes.
American policymakers, together with their European counterparts, are realizing something that Japan has been experiencing for a while: It is very difficult to manage well an economy hobbled by structural impediments and balance sheet excesses.
Policymakers in Europe may be making the economic crisis work instead of better, according to Mohamed El-Erian, CEO of PIMCO, the world's largest inve...
The G-7 is fortunate that it is not required to justify the expenses of its meetings in terms of what is achieved. If it had to, its meetings would be more decisive and/or less frequent.
America is now on the growing list of advanced countries where social cohesion is coming under increasing pressure. If left to fester through inadequate public and private sector responses, this phenomenon will damage the welfare of current and future generations.
America has little time to waste if it wishes to avoid years of insufficient economic growth, devastating unemployment, rising income and wealth inequality, and eroding social cohesion. The time for leadership is now.
If policymakers in America and Europe do not act boldly, and do so in a globally-coordinated fashion, the world risks tipping into a prolonged recession with worrisome institutional, political and social consequences.
On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.
We need leadership to say that this world will not be a lowest common denominator fight over satisfying old debts that cannot be satisfied, with no environmental, labor, or consumer protections.
Sept. 28 (Bloomberg) -- The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher...
Bloomberg hosted the wonkish equivalent of the Ultimate Fighting Championship on Wednesday, which pitted a famously pessimistic economist against a fa...
In sum, the current policy approaches here and abroad are unlikely to deliver a durable and robust U.S. recovery and, critically, create sufficient gr...
Buried amidst the increasingly gloomy economic news of the last few weeks -- which includes stubbornly high unemployment, rising foreclosures and a gr...
Despite all the anticipation over today's Federal Reserve meeting, there's little else the central bank can do now to help the economy recover, Pimco'...
Four leading economists predict the trajectory of the recovery....
With the persistence of fiscal deterioration and skyscraper high unemployment, Congress must quickly pass urban jobs legislation. Restarting the economy is impossible without restarting its economic engines: cities.
