Treasury & Risk 2008 Biannual Economic Survey
Recession Woe, Inflation Fear, Oil Worry

Editor's Desk
It's difficult to say whether the first six months of the year have lived up to our fears or down to our expectations. What an interesting time to take over as editor of Treasury & Risk.

Shock Treatment for Global Inflation
Inflation is accelerating around the globe, but most dramatically in commodity-based economies. Central bankers have their work cut out for them.

Don't Count on Profits
Even if the economy does an about-face and returns to health, don't expect profit growth anytime soon.

Warning: Credit Risk is Spreading
With consumers now cutting back on purchases, causing pain throughout the economy, corporate bankruptcies are on the rise. Companies need to use hedging tools now more than ever.

Corporate Investment: A Real Flight to Safety
Treasurers and C-level executives have gone from greedy for yield to cautious about liquidity, and in the last six months have shifted their cash and short-term investments to bank deposits, money market mutual funds and treasury bills.

Charging Ahead
After minding American Express’ bottom line as comptroller and as a division CFO, corporate finance chief Dan Henry doesn’t worry as much about the economy as he does about issues he can control.

The Difference for Real Estate May Be in the Fundamentals
Commercial real estate fundamentals look good even as sales drop, making a rebound likely once the economy heats up

Gaining Real Ground
To Michael Rotchford, the corporate real estate market is stabilizing and, despite some renewed hesitation, transactions for the fastest growing sectors are moving forward

Fixes for Broken China
Sure there are problems, but not if you stay on top of the risks

Recession? Inflation? Choose Your Poison
As financial execs write their resolutions for 2008, they might want to consider the wisdom offered Treasury & Risk readers by three economists: M. Cary Leahey, Milton Ezrati and John Lonski

Treasury & Risk's 2008 Biannual Economic Survey
EXECS AREN'T FACING 2008 WITH A SMILE

Whining in the Case of Taxes May be Justified
Corporate tax rates have been creeping up, but so have tax breaks. So which to change--rates or preferences?

As the World Turns, So Do the Exchanges
Market consolidation from Dubai to Denmark may mean more liquidity and less volatility

Taking a Long View
Martin Mannion of Summit partners talks about the potential role for private equity as outside advisors with skin in the game

Something Has to Give
Three Wall Street economists wax poetic on what the next 12 months could mean for the U.S. economy--and it's not all good

Half Full or Half Empty?
Three prominent economists share their outlooks on the factors that will shape the course of the U.S. economy in 2007

2007 Biannual Economic Confidence Survey
LOSING STEAM OR CATCHING BREATH?

The 2006 Alexander Hamilton Award Winners
And the Winners Are ... Here is the full list of all the Alexander Hamilton Award winners for 2006.

Drowning in Cash
With a possible end to rate hikes in sight, treasurers may need to rethink their affinity for cash