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Discuss “Spatt predicts future of the U.S. economy”

Chester Spatt, a Tepper School of Business professor and, incidentally, one of the few people to have paid David Tepper $5 an hour (when Tepper was his TA), returned to Carnegie Mellon after a three-year term as chief economist of the federal Securities and Exchange Commission. At a lecture Wednesday, Spatt spoke on systemic risk and the economy in a presentation to the Undergraduate Finance Association.

The last several months have been chaotic in the stock market.

The Dow Jones Industrial Average, one stock market indicator, rose to a record 14,000 points and beyond in July. Friday, the Dow closed at 13,176.79. Two hedge funds, owned by the venerated investment bank Bear Stearns, collapsed. According to a Bloomberg article, Bear Stearns...

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