Dr. David Krause, AIM program director, was interviewed by Brandon Cruz of WITI-TV in Milwaukee about the stock market plunge on Monday.
He indicated that the sovereign debt issues in Europe and the U.S. were the source of the increased uncertainty. Krause also indicated that global growth rates might be lowered in the second half of 2011. He said, "The perceived economic slowdown will hurt luxury goods producers and retailers the hardest."
To view the interview, which took place in the AIM Room in Marquette's College of Business Administration go to: http://www.youtube.com/watch?v=ZQJ3SwzXxLw&feature=channel_video_title