Speakers at the Johnson School
Recent Speakers
"The Credit Crisis 18 Months On . . . and On?"
Maureen O'Hara, Robert W. Purcell Professor of Management and professor of finance, spoke about the credit crisis as part of the Johnson School's Recruiters symposium on Sept. 5, 2008. In a clear, concise, one-half hour presentation, O'Hara gave an overview of where we are now in the ongoing credit crunch, what to expect next, and rounded up projections of what the final costs will be: "With the current cost totaling more than $500 billion, how much more is there to write off? Business Week estimates another $200 billion in the upcoming third quarter. The IMF estimates total losses of $975 billion when it is all over. And JP Morgan Chase estimates a final bill of $2 trillion." She goes on to discuss the fallout's impact on unemployment and inflation, and concludes her talk with a caution that "we still have a long way to go," but also offers a few bright spots: "We've seen some unexpected growth -- we grew 3.3% in the second quarter of 2008; in the fourth quarter of 2007 we saw negative growth. We're seeing increased export growth. And the U.S. dollar is stronger."
