Thinking About China
Opinion

A Financial Vulnerability

A Financial Vulnerability
The headquarters of Fannie Mae in Washington on Oct. 21, 2010. Win McNamee/Getty Images
Milton Ezrati
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Commentary

Financial fears have grown as interest rates have risen and the shadow of recession has lengthened. Most worrying is what might be termed undefined risks. Declines in stock and bond market values, although troubling, are nonetheless quantifiable and well-defined.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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