A Wall Street state of mind has captured America
Downtown New York is quieter than ever. Finance has never been louder
At what time and place should you meet a stranger in New York if you cannot communicate with them beforehand? This hypothetical puzzle was first posed by Thomas Schelling, a game theorist, in 1960, as a method of explaining “focal points”—the solution people default to when co-ordinating if they are unable to converse. The most common answer, according to students he quizzed, was noon at “the information booth in Grand Central Station”.
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This article appeared in the Finance & economics section of the print edition under the headline “Forget about the tree”
Finance & economics September 28th 2024
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From the September 28th 2024 edition
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith