There is no panacea and no way for financial institutions to insulate themselves from major macroeconomic and geopolitical “black swans.”
- Altuğ Ükümen and Jerry Haar
- The National Interest
Ashroud of pessimism has hung over the United States for nearly a decade. Politically, economically, and culturally—and independent of socioeconomic class, gender, race, or geography—a majority of the population lacks a positive outlook on life in general.
Adding to this malaise, on March 16, 2022, the Federal Open Market Committee enacted the first of what would be eight interest rate increases.
The result has…