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Outline. Seeds of the economic crisisResultsfailures, mergers, credit squeezeRemediesgovernment bailout effortsPossible outcomesSuggestions on how we might deal with the crisis. Foundations of Our Strong U.S. Economymid 1970's to 2007. Strong entrepreneurial innovation generating business
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1. Troubled Times: How We Got Here and What May Lie Ahead Ned C. Hill
National Advisory Council Professor of Finance
Fellow of the Wheatley Institution
Academic Director, H. Taylor Peery Institute of Financial Services
Marriott School of Management
Brigham Young University
March 2009
2. Outline Seeds of the economic crisis
Resultsfailures, mergers, credit squeeze
Remediesgovernment bailout efforts
Possible outcomes
Suggestions on how we might deal with the crisis
3. Foundations of Our Strong U.S. Economymid 1970s to 2007 Strong entrepreneurial innovation generating business ideas (most jobs generated by start-ups, not big business)
Productivity increases (mostly due to computerization, including the Internet)
Low tax, interest and unemployment rates
Growth in U.S. economy from 2002-2007 exceeded entire Chinese economy!