I vote/hope cycle.

Williams alumni, faculty, and staff will discuss implications of the turmoil in world financial markets on Thursday, Oct. 23, at 8 p.m. in Chapin Hall. The session, which is free and open to the public, is titled, “Cycle or Spiral?: Financial Markets in Crisis.”

“We’re fortunate to have in the Williams family financial professionals and academics with such extraordinary depth and range of experience to help us understand better an issue of urgency to the world,” Williams President Morton Owen Schapiro said. “I look forward to hearing their insights.”

Alumni participants will be Paul Isaac ’72, principal of Cadogan Management, and James Lee ’75, vice chairman of JPMorgan Chase & Co. and Co-Chairman of its Investment Bank. Campus participants will be Collette Chilton, chief investment officer, Gerard Caprio ’72, professor of economics, and Kenneth Kuttner, professor of economics. Moderating the session will be Stephen Sheppard, professor and chair of economics.

Kudos to whoever arranged the event and to Ephs like Isaac and Lee for traveling all the way to Williamstown to participate. It is either a very good or very bad sign for the global economy that Jimmy Lee has this much free time. Comments:

1) Does Jimmy Lee really look like an alligator?

2) Attendees should feel free to borrow some questions from here, especially 2) and 4).

3) Again, the most important financial question facing the Williams endowment is whether or not to rebalance.

4) Question: “Given what we now know about the volatility of the financial markets, was it wise for Williams to issue $267 million worth of bonds? And, assuming that we now recognize that as a mistake, when do you expect the College to be debt free?”

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