Experience Stern | News & Events

Excerpt from Benzinga.com -- "The accounting control fraud recipe, as Akerlof & Romer warned, is a 'sure thing' – it produces record (albeit fictional) short-term income."

Excerpt from Bloomberg -- "Bastiat noted that over time laws and lawsuits come to accrue more importance than the people and activities they govern."  Additional coverage appeared on Oregonlive.com, Projo.com, Journal Gazette, Powerlineblog, Bloomberg and Vancouver Sun.

Excerpt from Bloomberg -- "The challenge to the shortage numbers echoes warnings before the U.S. housing crash from doomsayers including New York University Professor Nouriel Roubini, 'The Black Swan' author Nassim Taleb, and Peter Schiff, chief executive officer of Euro Pacific Capital Inc."  Additional covereage appeared in Bloomberg Businessweek.

Excerpt from MarketWatch -- "Fears of recession, tough trading conditions, an ocean of unresolved litigation and the worsening euro-zone mess have delivered a real pounding to bank stocks this summer. Former Goldman Sachs partner Roy Smith joins Mean Street to offer a solution: Break up the banks."  Additional coverage appeared on The Kevin Trudeau Show.

Excerpt from The Wall Street Journal -- "Richard Sylla, economic historian and professor of economics at New York University's Stern School of Business, talks with WSJ's E.S. Browning about his formula for predicting market performance."  Additional coverage appeared in Barron's, Dow Jones, Reuters, Business Insider and MarketWatch.

Excerpt from Sustainable Business Forum -- "Fifteen years ago Barry Nalebuff and Adam Brandenburger coined the term co-opetition to describe 'a revolutionary mind-set that combines competition and cooperation.'"

Excerpt from The Wall Street Journal -- "Robert Engle (2003 winner), Christopher Pissarides (2010) and James Mirrlees (1996) will speak on "An Era of Macro and Micro Frictions"—issues facing asset managers, the labor market and younger generations."

Excerpt from The Hindu Business Line -- "U, V, or W? No, this is not a test of your knowledge of the alphabet, but a question about recoveries, because they come in different forms, reflecting their relative vigour or sustainability, as Nouriel Roubini highlights in ‘Crisis Economics: A crash course in the future of finance'. A V-shaped recovery, he explains, is swift and vigorous."

Excerpt from Forbes -- "Ed Altman of NYU’s Stern School of Business, who proved prescient about junk bonds going into the crisis, says the current spread implies an annual default rate of around 6-7%."

Excerpt from Marketplace -- "What makes the current situation so hard is that we're trying to solve a long-term problem with a very constrained fiscal situation."  Additional coverage appeared on Council on Foreign Relations and Boston.com

Excerpt from CNNMoney -- "A lot of people look at the VIX as possibly a predictor of the market direction. I think that is totally wrong."

Excerpt from Motley Fool -- "In a 2002 paper by New York University's Michael Moses and Jianping Mei, the authors reviewed more than 100 years of art sales by major auctioneers and found that art beats bonds, underperforms stocks, is less volatile, and has low correlation with other markets."

Excerpt from Care2.com -- "This morning I attended the SOCAP11 'The Long View: What Institutional Investors Want Every Social Entrepreneur to Know.' It was a very popular session with roughly two hundred and fifty participants. The moderator and panelists represented institutional investors: Laura Callanan from McKinsey & Company ... "

Excerpt from NY1 -- “'Right now, if you move downtown, you may not even know where your child will be able to go to school, because all of the schools will be full,' said Eric Greenleaf of New York University’s Stern School of Business." Additional coverage appeared in Tribeca Trib.

Excerpt from The Huffington Post -- "'The events of 9/11 were the death knell perhaps for the physical bricks and mortar manifestation of the financial capital,' said Stephen Brown, a professor of finance at the New York University Stern School of Business."

Excerpt from Bloomberg -- "At a dinner he hosted at the Four Seasons during SALT, Scaramucci led a discussion with economist Nouriel Roubini on how Federal Reserve policy and Europe’s debt woes were impacting capital markets."

Excerpt from The Australian -- "Plenty of Australian companies have woken up to the themes of this report and Michael Spence's 'The Next Convergence,' which argues that developing countries are going through an industrial revolution in a couple of decades -- rather than 200 years for Europe, Australia and the US."  Additional coverage appeared on Australian Broadcasting Corporation, MoneyLife and Financial Express.

Excerpt from Xinhua -- "I think we're moving back to a situation where the U.S. has more of a normal position in the world, still the largest economy, but there are lots of other economic centers of powers."

Excerpt from Bloomberg -- "Bill Gross ... talks about the impact of the Federal Reserve's asset purchases on credit creation and the outlook for financial market reaction to President Barack Obama's speech on job creation tonight before a joint session of Congress. Keene and New York University professor and Nobel laureate Michael Spence speak with Tom Keene on Bloomberg Television's 'Surveillance Midday.'"  Additional coverage appeared on The Washington Post.

Excerpt from Bloomberg -- “There is a 60 percent probability of another economic contraction in most advanced economies.”  Additional coverage appeared on Bloomberg, San Francisco Chronicle, Financial Post, China Business News, KPIC.com, Reuters and Business Insider.

Excerpt from Reuters Breaking Views -- "Americans should be outraged at the architecture of the nation’s mortgage finance system. It was a primary cause of the financial crisis and at the center of this system were Fannie Mae and Freddie Mac, the mortgage finance giants."

Excerpt from the Council on Foreign Relations -- "Investing in infrastructure, along with education and technology, is a way to tackle unemployment by addressing longstanding structural problems on 'the tradable side of the economy,' economist and Nobel laureate A. Michael Spence recently told CFR."  Additional coverage appeared on Philly.com and Kansas City Star.

Excerpt from FuelFix.com -- "The story of the mid-1930s is the story of a heroic economy struggling to recuperate but failing … because of perverse federal policy. The worst factor was [Franklin] Roosevelt’s war on business."  Additional coverage appeared in Mother Jones and The Huffington Post.

Excerpt from The Wall Street Journal -- "The siren song—or was it swan song—of summer 2011 was sung by Crosby, Stills & Nash. This was at the last major event of the season, the inaugural Hamptons Rocks for Charity ... The beneficiaries were the Ovarian Cancer Research Fund (OCRF) and the Crohn's & Colitis Foundation of America (CCFA)."

Excerpt from TIME Moneyland -- "In the most remarkable demonstration of this idea, they found that people enjoy watching TV shows more when they are interrupted by commercials than when they’re free of ads."