Robert Thomson, Editor-in-Chief of the Wall Street Journal, said Tuesday that despite the recent turmoil in financial markets, some general trends will continue to exert influence on global economies and the turbulence could become a source of opportunity.
Speaking that the World Business Forum in New York City, Thomson said "In the midst of volatility, there is opportunity." He added that within the volatility, trends remain, with globalization being the main example.
To elaborate the point of globalization, Thomson told a story about a dinner he recently had with Henry Kissinger, the former secretary of state who was Richard Nixon's national security advisor when the president opened relations in China in 1972. Thomson said Kissinger expressed surprise at how in the past 35 years China has gone from international pariah to the lender of last resort in the newest crisis.
Thomson also joked about the current financial crisis. He said that with, what he called, the "demise of Wall Street model," prehaps they should change the name of his paper to "just the Journal."
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