The Chart Room

It has been 10 years since The Great Recession sent the world economy into a tailspin.  In a recent interview conducted by Knowledge@Wharton, Wharton Professors Richard Herring, Krista Schwarz and Itay Goldstein look at how the U.S. and European governments responded to the crisis and where their financial systems are today.

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What is GDP (Gross Domestic Product)?  What does it really measure?  Is it the best way to capture the happiness and welfare of a society? These questions were recently explored by Professor Karen Dynan and Dr. Louise Sheiner in a paper published at the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy.

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Where is the Oracle of Omaha investing these days? Writing for Reuters, Jonathan Stempel and Trevor Hunnicutt explore the latest insight from Warren Buffett.

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Writing for Barron’s, Jeff Weniger looks at economic news in China beyond the US-China trade wars.

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Greece is finding its economic feet again as it completes its 3-year Eurozone emergency loan program.  While the country still faces problems, some are finding new hope for the future of Greece.  Mark Lowen of the BBC highlights this recovery process in this recent article.

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The crisis in Turkey has been making headlines around the world.  The country’s current political and economic instability has been a major talking point among scholars, politicians and investors alike. This recent article published by Knowledge@Wharton highlights the opinions of Wharton Professors Philip Nichols and Joao Gomes on the topic.

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As negotiations on the logistics of Brexit continue, the IMF conducted a study on the potential economic impact of this event on both the U.K. and the E.U. This report prepared by Jiaqian Chen, Christian Ebeke, Li Lin, Haonan Qu, and Jesse Siminitz is highlighted in their recent IMF blog post.

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Vox helps to bring some clarity to the current crisis in Turkey through the eyes of the trade war, tariffs and Trump.  This article does a good job of explaining how both internal and external influences have had such a dramatic impact on the currency and what that means for the future of Turkey’s economy.

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BBC News has put together this simplified summary of the current crisis facing Turkey and the weakening Lira, its impacts and potential challenges facing Turkey’s economic future.

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Writing for Advisor Perspectives, Joe Tomlinson looks at the current state of retirement spending. What are the trends? What spending and saving habits are considered in retirement planning?

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