STEVEN M. SEARS is a Senior Editor and Columnist with Barron's. He previously reported for Dow Jones Newswires and The Wall Street Journal. He has reported upon most major modern financial events, including the Asian Contagion, the bursting of the Internet Bubble, the Credit Crisis, and Europe's sovereign debt crisis. He was also part of exchange executive teams that modernized the U.S. options market and introduced electronic trading. He is a member of the Economic Club of New York.