It was the perfect storm. A combination of factors — unchecked consumer spending, unregulated mortgages, complicated securities issues, the decline of U.S. manufacturing, and more — that together were strong enough to topple the U.S. economy last fall in what seemed like an instant. In the wake of the storm, as Americans regroup, adjust and move forward, many ask why we didn’t see it coming and now, in the aftermath, is the damage repairable?
OU Magazine spoke to five university experts for their take on the current economy and what is in store for our future, including Rajeev Singhal, assistant professor of finance, and Ronald Tracy, associate professor of economics about the causes, history, the future and the outlook on jobs.
Read the full story in the Fall 2009 issue of OU Magazine here.
OU Magazine spoke to five university experts for their take on the current economy and what is in store for our future, including Rajeev Singhal, assistant professor of finance, and Ronald Tracy, associate professor of economics about the causes, history, the future and the outlook on jobs.