Local Economist Discusses Impact of Financial Crisis on San Diego

KPBS | By KPBS Public Broadcasting

Published October 14, 2008 at 7:09 AM PDT

This story was published more than 15 years ago.

How will the recent problems on Wall Street impact the San Diego region? Host Tom Fudge speaks to Economics Professor Alan Gin about the financial crisis that has dominated the news in recent weeks.

Tom Fudge: Americans, and the rest of the economic world, have been riding a financial rollercoaster. Yesterday, our coaster cars hit the bottom curve and sent us upward nearly 1,000 points, according to the Dow Jones Industrials. So far today, trading has been mixed, following announcements that the U.S. Government will buy stock in private banks. None of this makes up for the enormous percentage loss the American markets have seen over the past year, or over the past week.

Here at These Days we've tried to bring you some voices who can give you an idea of how this finanicial crisis is affecting you, and affecting San Diego. Today, our guest is economist Alan Gin.

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Guest

Alan Gin , professor of economics at the University of San Diego. Gin is the publisher of USD's Index of Leading Economic Indicators .