A subprime mortgage mess, the dollar in a free fall and oil on the way up -- there's little good news when it comes to today's American economy. University of Minnesota associate professor of applied economics Joe Ritter helps explain the economic climate the nation is experiencing. Full sound bites package (2:23) 1. Intro
2. Drivers of the current situation (0:06)
3. Unemployment numbers (0:48)
4. Ripple effect of downfall of financial institutions (1:24)
5. Why cut interest rates? (2:03) ...
Source: blog.lib.umn.edu
Tuesday, March 25, 2008
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