Global Conference 2015

Rising global debt is raising concern among economists who fear a reversal of gains made since the Great Recession. Since 2008, leverage and risk-taking in the U.S. and UK dropped in some sectors including households, but government and corporate borrowing increased. Cumulatively, world-wide debt has risen across the board, particularly in parts of the euro-zone and in emerging market economies. Debt can play a positive role and increasing levels reflect deepening access to capital. At the same time, too much debt weakens balance sheets and financial resilience, and encourages the misallocation of resources. But how much debt is too much and where do we stand today?

Moderator

Felix Salmon

Senior Editor, Fusion

Speakers

Peter Budko

Executive Vice President and Chief Investment Officer, AR Capital

Damian Lillicrap

Head, Investment Strategy, QSuper

Nouriel Roubini

Chairman, Roubini Global Economics; Professor of Economics, Stern School of Business, New York University

Gene Sperling

President, Sperling Economic Strategies; Former National Economic Advisor to Presidents Obama and Clinton

Andrew Whittaker

Vice Chairman, Jefferies; Vice Chairman, Leucadia National Corp.


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