In the nine months to April 2009 was one of the most difficult and uncertain in U.S. economic history. A series of destabilizing events led to significant uncertainty and panic in the economy: Three of the five largest U.S. investment banks failed, the stock market fell by 40%, the Fed has doubled its balance sheet, and the federal budget deficit had widened to more than $ 1 trillion. In addition, the crisis has spread from the U.S. to the leading economies of the world and seemed to signal the start of an extraordinary change in the balance of the world economy. This case is a challenge for the U.S. economy in the spring of 2009, global economic forces and trends that affect the economy are likely to turn the key macroeconomic variables. Real and nominal interest rates, exchange rates, GDP growth, inflation and the budget deficit "Hide
by Francis Warnock, Peter Rodriguez Source: Darden School of Business 24 pages. Publication Date: May 14, 2009. Prod. #: UV1645- PDF-ENG
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