Governance, Stress-Tests, and Preparing for the Worst
It’s the little things that worry me. The slowdown in China. The continuing failure of the Euro-zone to grow. The fact that the ratio of the US Stock Market Cap to GDP is approaching the levels seen right before the crashes of 2001 and 2008. Our economy might muddle through, or it might not. Now add on to economic uncertainty the clear evidence that governments are showing decreasing enthusiasm about supporting higher education – nationally, there’s been a real decline