‘Never let a good crisis go to waste,’ economist says to kick off DC West conference

Uncertainty is like the common cold: No one can cure it, but investors and policy makers can mitigate its effect.

That’s the opinion and advice offered Monday by Renee Bowen, professor and director for the Center for Commerce and Diplomacy in the Department of Economics and School of Global Policy and Strategy, University of California, San Diego.

Brandishing cough drops to illustrate her point about mitigating her cold, Ms. Bowen on Monday delivered the keynote address – “Demystifying Uncertainty” — at Pensions & Investments’ annual Defined Contribution West conference in Carlsbad, Calif.

Citing a litany of gloom — inflation, the war in Ukraine, the lingering impact of COVID, just to name a few — Ms. Bowen said uncertainty has become “bewilderment” due to a seemingly endless parade of bad news.

Adversity, however, can lead to opportunity, said Ms. Bowen, repeating the oft-quoted adage “never let a good crisis go to waste.”

Ms. Bowen didn’t offer specific investment advice and declined to comment on the prospects of a recession, but she told the audience that there are “plenty of places” to find opportunities, and “this is not the time to put your money under the mattress.”

Opportunities in these times are linked to trust, she said, noting that companies that consumers trust are likely to capture markets.

“Employers that workers trust will secure scarce talent,” and countries that voters trust “will be good investments,” she added.

Content Source

News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News

Related Articles

Back to top button