A subprime mortgage mess, the dollar in a free fall and oil on the way up -- there's little good news when it comes to today's American economy. University of Minnesota associate professor of applied economics Joe Ritter helps explain the economic climate the nation is experiencing.

Download full sound bites package MP3 (2:23)

1. Intro (0:00)
2. Drivers of the current situation (0:06)
3. Unemployment numbers (0:48)
4. Ripple effect of downfall of financial institutions (1:24)
5. Why cut interest rates? (2:03)

Posted by Andrew Swain at 10:47 PM | Permalink