Is the credit crisis in the United States, brought on by the weakness of the housing market, too powerful a force to be offset by the positive forces of globalization? What is the role of the relatively weak dollar in the international marketplace? How did the sub-prime crisis spread from affecting a small portion of the market to become the much larger issue it has become?
The same week the Federal Reserve announced it was cutting the federal funds rate for the third straight year, Case Western Reserve University banking and finance senior lecturer Sam Thomas will look at recent business and financial news and events and provide insight to the aforementioned questions and more during the 34th annual David A. Bowers Economic Forecast Luncheon, beginning at 11:30 a.m., Friday, December 14 at the Marriott at Key Center.
Thomas will provide an unbiased, academic viewpoint to explain what's happening with the economy and make predictions for the 2008 economic outlook, including what possible responses may come from governmental authorities and fiscal policymakers heading into an election year. He's an expert in and teaches courses in corporate finance, investments and international finance at the university.
The luncheon, sponsored by the Weatherhead School of Management Alumni Association, is named in honor of David Bowers, former chair of the school's banking and finance department. Bowers, who died in July, made the annual forecast for 27 years before hand-picking Thomas to take over the forecasting duties.
In addition, the Weatherhead Distinguished Alumnus Award will be presented during the luncheon. For more information, contact the Weatherhead School of Management at (216) 368-0703, or by visiting its Web site.
Case Western Reserve University is committed to the free exchange of ideas, reasoned debate and intellectual dialogue. Speakers and scholars with a diversity of opinions and perspectives are invited to the campus to provide the community with important points of view, some of which may be deemed controversial. The views and opinions of those invited to speak on the campus do not necessarily reflect the views of the university administration or any other segment of the university community.