Market Chaos: What is going on out there?
"Markets in Chaos" was the focus of a talk given by Professor Maureen O'Hara, a leading expert on financial markets, in the first installment of the Johnson School's fall Distinguished Speaker Series Sept. 4. In her talk, O'Hara traced the roots of the subprime mortgage collapse, explained how it led to the liquidity crisis in the financial markets, and outlined what central banks can do (and can not do) to sort it all out. The big question now looming: Will all this turmoil lead to a recession? O'Hara characterized her outlook as "Cautiously optimistic – but stay tuned."