Global Capital Markets: Deflation or Stabilization?
Monday, May 2, 2016 / 8:00 am - 9:15 am
Thomas Finke, Chairman and CEO, Babson Capital Management
Afsaneh Beschloss, Founder, President and CEO, The Rock Creek Group
Mohamed El-Erian, Chief Economic Advisor, Allianz; Chair, Presidents Global Development Council
David Harding, Founder and CEO, Winton
Joseph Hooley, Chairman and CEO, State Street Corp.
Steven Tananbaum, Founder, Managing Partner and Chief Investment Officer, GoldenTree Asset Management
Global capital markets opened 2016 facing more uncertainty than perhaps at any time since the 2008 crash. As China's economic slowdown reverberated worldwide, it fueled another dive in commodities and deeper losses in global equity markets -- in many cases, to multiyear lows. In the U.S., the corporate-profit recession has intensified. In Japan and Europe, central banks are promoting negative interest rates in a controversial new stimulus effort. In recent months, however, some of the economic and market gloom has lifted, and commodities and equities have bounced. Still, capital markets remain deeply apprehensive about the near-term outlook. This panel of experts opens Global Conference with a discussion of some of the most pressing issues facing markets. Are fears about emerging economies' growth overblown -- or understated? Is currency depreciation now a dangerous race to the bottom? Will oil's crash be a net positive or negative for the global economy? Would "Brexit" derail any European recovery? And how will markets adjust to a tighter Federal Reserve versus new central bank stimulus elsewhere?