Monday, 18 May 2020

1:00–1:10 pm ET

Opening Remarks

1:10–1:40 pm ET

Thoughts on Working through a Dramatic Down Cycle

Howard S. Marks, CFA
Oaktree Capital Management

John Authers interviews Oaktree Capital co-chairman Howard Marks, CFA, to hear his thoughts on mastering market down cycles, offensive versus defensive strategies, and finding good value in the current environment.

Interviewer: John Authers, ​Opinion Columnist, Bloomberg

1:40–2:00 pm ET

COVID-19: Steps to an Economic Path Forward

Campbell R. Harvey
​​Professor of Finance, Duke University
Partner and Senior Advisor, Research Affiliates, LLC

  • What will the recovery from the pandemic look like?
  • What can we learn from previous crises?
  • Are policymakers doing enough to mitigate economic costs?
  • Will the pandemic cause structural changes in the economy as well as globalization?
  • What are the lessons learned from this systemic risk event?

2:00–2:30 pm ET

The World in Crisis: Global Analysis

Peter Zeihan
President and Founder​
Zeihan on Geopolitics

An interview with geopolitical expert Peter Zeihan, highlighting the geopolitical realities of the current environment, including COVID-19 peaks around the world, global unemployment, the severe impact on developing countries, and the emergence of a new global order.

Interviewer: Lauren Foster, Content Director, Live Events, CFA Institute

2:30–2:50 pm ET

Global Economic Risks and Rewards

Alejandra Grindal
Senior International Economist
Ned Davis Research Group

  • Assessing the COVID-19-induced global recession and the potential recovery
  • Analyzing what this means for the economy and your investments
  • Weighing the risks and rewards of the world’s major countries and regions—namely, the United States and China

Speaker Presentation

2:50–3:35 pm ET

COVID-19: Potential Implications for Global Supply Chains

Vikram Mansharamani
Harvard University

  • The world is facing tectonic change based on existing trends and the impact of the global pandemic.
  • The world had already been seeing the results of consumer-led economies, overcapacity in China, the acceleration of technology with more output and less input, the changing nature of work, and older demographics.
  • The explosion of supply in energy and less demand will lead to deflationary order.
  • Supply chains will also be affected by currency wars, nationalism, and protectionism, which are all on the rise, in addition to COVID-19 lockdowns making some supplies and parts unavailable.
  • Global supply chains will be shifting in fundamental ways as a result of the changing environment.

3:35–3:45 pm ET

Closing Remarks

Lauren Foster
Content Director, Live Events
CFA Institute