And what sets them apart from conservatives.
The kinds of relationships people have with technology brands are changing. In the Digital Age, the brands that will dominate
ECB President Mario Draghi has been highly effective with his words alone -- moving markets with speeches and little action. However, by doing so he has also set the bar high and expectations for action are becoming the norm.
It is time we recognize the impact that Generation Xers across the globe have had on the Millennials' outlook on life, work, politics, civic engagement, entrepreneurship, activism or culture. Let's not sell our Millennials short. Let's add nuance and perspective to the conversation. Let's burst that bubble, shall we?
A bubble is a rise in prices that is unsustainable because it is based partly or entirely on expectations that prices will rise. Bubbles are vulnerable to shocks that raise questions about the validity of the price expectation.
It's pretty hard to miss the shampoo cycle -- bubble, bust, repeat -- that has characterized the last few business cycles in the American, and more recently, European and even Scandinavian economies. It's also the case that choice economists since Adam (Smith, of course) have recognized this proclivity towards financial market instability. Thus far in the current expansion that began in 2009Q3, financial markets and corporate profitability have far outpaced the rest of the economy. I'm not saying we're in another financial bubble, though no less than Robert Shiller recently raised that concern. But I'm decidedly saying that unless we enact and enforce tough financial market regulation, that's where we're headed.
An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine.
"I am not yet sounding the alarm. But in many countries stock exchanges are at a high level and prices have risen sharply
Yes, there are lessons in history. But untangling those lessons, like anticipating the sentiments of voters, is a process that shifts as we attempt to capture it. And so from left and right we end up chasing a kind of essence, an equilibrium, which may not exist.
"Fearless Philanthropy: Reaching Out, Taking Risks and Achieving More": A Conversation with Jean Case
I had a chance to talk with Jean Case, CEO of the Case Foundation, about their commitment to make big bets, innovate, learn from failure, collaborate and do it all with a sense of urgency.