Texas Tech Experts Can Discuss Waning Economy and How to Prepare Financially
January 23, 2008
Financial, economic experts can discuss stormy weather patterns in American, global
The Federal Reserve slashed two key interest rates by three-quarters of a percentage
point Tuesday (Jan. 22) – the largest single reduction in 24 years – hoping to stimulate
the economy and avert a recession.
But many fear impending doom in markets around the globe caused by the U.S.’ weakening
economy, slumping markets and a housing market in turmoil.
Two Texas Tech University experts can discuss the macroeconomics in play and shrewd
financial planning in times of economic downturn.
Peter Summers, an assistant professor of economics at Texas Tech University, can discuss
what has caused the recent economic woes. From the slumping housing market to sub-prime
mortgages with killer adjustable rates, the impending recession and how the U.S. economy
influences the global market, he can shed light on how some of these complex economic
issues at hand fit into the past, present and future macroeconomic picture. (806)
742-2466 ext. 228, or firstname.lastname@example.org.
Bill Gustafson, a personal financial planner and director of Texas Tech University’s
Center for Financial Responsibility, can discuss strategies to brace for the possible
crunch in the everyday American’s checkbook. Also, he advises that investors with
properly diversified retirement portfolios should not panic and begin selling or chasing
some hot fund or stock that is in a sector that performs well during recessionary
periods. (806) 742-9783, or email@example.com.