Thursday, August 21, 2014

ideas: "conducting" economy

Mohamed El-Erian On Our Uncertain Economic Future | On Point with Tom Ashbrook:

"world economy... We are are headed up, or we’re headed down. And the odds are 50/50. Geopolitical crises are mounting, he says. No one’s in charge. Rational outcomes may not prevail. Investors are too confident. Businesses are too cautious. But the road we’re on is ending, he says. "
A nice metaphor: "even great musicians do need a conductor to play well in an orchestra." Economy of countries and the world would benefit from better "conducting", not to control, but to align and direct. 

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