Is Irrational Exuberance Making a Reappearance?

The McKinsey Global Survey of CEO opinion is out following the first quarter of 2017, and the findings suggest an uptick in optimism about world economic conditions. Not surprisingly, geopolitical instability and the potential for asset bubbles (Dow at 20,600?) are the major risk factors for the immediate future that CEO's identify. Both of these are potent threats for international schools (and many domestic U.S. independents). Time to keep a close eye on the numbers, everyone.