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current financial crisis

current financial crisis



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Published by mcecon2

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Published by: mcecon2 on Jan 05, 2009
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Understanding The Economic Crisis
in Plain English
Bruce JudsonSenior Faculty Fellow,Yale School of ManagementAt Poughkeepsie Day School
Video version, audio version, and updates via e-mail available at:
Copyright 2008 Bruce Judson
December 9, 2008
Today’s Talk
Provide a foundation forunderstanding what is happening
and assessing future events
A test of success: Understanding
how each day’s news stories fit into
our overall framework
Give you the tools to ask the rightquestions
December 9, 2008Copyright 2008 Bruce Judson 2
Today’s Approach
Discussion assumes no prior knowledge of economicsor finance
Many concepts are simplified
to meet timeconstraints
Only the U.S. is discussed
although this is a globalcrisis
Special emphasis on explaining jargon
so you canmore easily follow future events in the newspaper
No moral judgments
No blame
Emphasis on describing what has happened, not
on saying this was “good” or “bad”
December 9, 2008Copyright 2008 Bruce Judson 3

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