John Lipsky
WILL THE MASSIVE POLICY RESPONSE HALT THE GLOBAL ECONOMIC FREEFALL?
NEW THIS WEEK…
We are witnessing massive policy responses of historic proportions. The fiscal and monetary reaction to the COVID-19 shut down of economies around the world has been unprecedented in its size and speed. How effective will it be and who stands to benefit from the stimulus? Who is at most risk of being left behind?
We have measured answers from a major player in resolving the Global Financial Crisis a decade ago. John Lipsky, who was the First Deputy Managing Director at the IMF from 2006-2011 during the height of the crisis joins us with his in-depth analysis of the policy response then and now and perspective on current risks. He raises serious concerns about the economic health of southern Europe, Italy in particular and emerging market countries as well. It’s a heads up for the international exposure of our portfolios.
Listen to the audio only version here:
JOHN LIPSKY
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Former Acting Managing Director, International Monetary Fund
Johns Hopkins University School of Advanced International Studies:
– Distinguished Scholar at the Henry A. Kissinger Center for Global Affairs
– Senior Fellow, Foreign Policy Institute
[box type=”shadow”] As WEALTHTRACK transitions to remote production we are tapping a rare interview we did recently with third-generation investor Chris Davis whose family’s half a century perspective brings calm in the midst of the current chaos. Watch the episode again.
GLOBAL ECONOMIST JOHN LIPSKY JOINS STRATEGIST & AUTHOR NICK SARGEN WITH PERSPECTIVES & ADVICE
Two wise men of global finance, John Lipsky and Nick Sargen discuss policies and investments in the Trump era.
Nick Sargen & John Kim on How Financial Pros Invest For Themselves
CONSIDER HIGH QUALITY EUROPEAN STOCKS
Morningstar recommends:
Mutual European Z (MEURX)
Find the latest stats here.
- Run by past WEALTHTRACK guest Philippe Brugere-Trelat since 2004 and has an outstanding track record
SARGEN & LIPSKY: THE DECLINE OF U.S. FINANCIAL DOMINANCE
The Decline of U.S. Financial Dominance
The Effectiveness or Lack Thereof of Federal Reserve’s Monetary Policy
It has been four years since the start of the worst financial crisis in the post war era. It feels like a lifetime to me. Lehman Brothers filed for bankruptcy in September 2008, tipping the world into a systemic financial meltdown which we have been recovering from ever since. It’s helpful to step back every once and while and see how far we have come since the market lows of March 2009, when the S&P closed under 700. It has more than doubled since then, but oh what a ride it has been!
Read MoreOne of this week’s guests, Fort Washington Investments Nick Sargen, points out that there have been three distinct market phases since the financial crisis began. First, “the sell off” from September of ‘08 to March of ‘09 when global credit markets froze, economies fell into recession, and the Fed drove interest rates to zero. During the sell-off, the S&P lost 46%, other markets plummeted; U.S. Treasuries and gold were the only major asset classes to gain.
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