Hysteresis is applied to corporate financial statements contrasting the path of growth leading up to the recession to the path of contraction that follows.
It is easy for practitioners to believe that the global economy is collapsing when, in fact, it is open for business. As shown in this article the future of the global economy is positive and opportunities for practitioners are available.
An audio interview with Christof Ruhl, Chief Economist of BP, where he analyzes global economic developments and their impact on energy markets, and provides strategic input into BP’s activities.
The times are changing, and they are changing more rapidly than anyone could have forecast. It will be necessary to possess character to cope.