In a recent Deep Dive event hosted by The Foreign Correspondents’ Club of Japan, BWC Member Paul Sheard shares his views of the current geopolitical and economic situation. He places the energy crisis in a historical context, noting that what we are experiencing today is not as severe as the 1970s. He ultimately offers reassurance regarding the possibility of a stock market crash, explaining that when crashes occur, they are generally temporary, self-corrective, and policy measures are implemented.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.