CNBC Worldwide Exchange January 24, 2014
Face a full set of challenges. I worry about complacency, governments that have never successfully forecast a recession a year in advance, that missed the 2007 financial crisis, that missed the 1987 stock market crash, t missed the latin american debt crisis and missed much more. I worry about how well macro prudential can really work on, though its an attempt worth making. And i think much greater emphasis needs to be placed on making a system that is safe for ignorance can and court reportereporter error. And that means emphasis on capital markets, emphasis on liquidity, emphasis on strength...