As Wall Street takes another fall today, Colorado State University is providing the following economics expert who can discuss the state of the nation’s economy. The following information is intended for reporter use only and not for publication.
Ron Phillips, an economics professor, can discuss the stock market being at its lowest point since 1997 and the implications on the U.S. economy. He can also talk about the differences between a recession and a depression. Phillips has published widely on the financial history of the United States and financial regulation in books, academic journals, newspapers, magazines and public policy briefs. He also published a widely cited book on the banking crisis of the 1930s. He has been a visiting scholar in the Division of Insurance at the Federal Deposit Insurance Corporation in Washington, D.C., and a visiting scholar in the Bank Research Division at the Office of the Comptroller of the Currency, Department of the Treasury, in Washington, D.C. To speak with Phillips, contact Kimberly Sorensen at (970) 491-0757 or Kimberly.Sorensen@colostate.edu.