A panel of economists, business journalists, and finance watchdogs, including Robert Kuttner, discuss America's addiction to debt and how the country might manage the current debt crisis.
Craig Alexander is the Senior Vice President and Chief Economist for TD Bank Group. In that role, he manages a large team of economists that support all of the divisions and clients of TD – the second largest bank in Canada and the eighth largest bank in the United States. Craig has 15 years of experience in the private sector as an economic and financial forecaster. He is also a regular commentator on public policy. Prior to joining private sector, Craig spent four years as an economist at Statistics Canada.
Robert Kuttner is co-founder and co-editor of The American Prospect, as well as a distinguished senior fellow of the think tank Demos. He was a longtime columnist for Business Week and continues to write columns in The Boston Globe. He is the author of Obama's Challenge and other books.
Edward Luce is the Washington columnist and commentator for the Financial Times. He writes a weekly column, FT's leaders/editorials on American politics and the economy and other articles.
Maya MacGuineas is the President of the Committee for a Responsible Federal Budget. Maya testifies regularly before Congress and has published broadly, including articles in The Atlantic Monthly, The Washington Post, The New York Times, the Financial Times and the Los Angeles Times. Once dubbed “an anti-deficit warrior” by The Wall Street Journal, Maya comments often on broadcast news and is widely cited by the national press. In the spring of 2009 Maya did a stint on The Washington Post editorial board, covering economic and fiscal policy.
Paul McCulley is Chairman of the Society of Fellows of the Global Interdependence Center (GIC), Philadelphia, Pennsylvania.
The Society, founded in late 2010, had its inaugural event at the Bank of France in March of this year: Re-Examining Central Bank Orthodoxy for Un-Orthodox Times.
Prior to endowing the Society and becoming its first Chair, Paul was a senior partner at PIMCO, the world’s premier fixed income investment advisory firm, where he was a member of the Investment Committee, manager of multi-billion dollar portfolios and founding author of the research publication, Global Central Bank Focus.
A devout Keynesian and interpreter of the work of Hyman Minsky, Paul coined the terms Minsky Moment and Shadow Banking System. While at PIMCO, he appeared regularly in the business media. Paul was also a member of the US Treasury’s Borrowing Advisory Committee (TBAC).
Mr. McCulley earned his BA from Grinnell College, Grinnell, Iowa, where he now sits on the Board of Trustees, and his MBA from Columbia University’s Graduate School of Business.
In his retirement from active portfolio management, Paul spends a lot of time fishing and listening to his whiskers grow, while nurturing his family life as a father.
He also is an entrepreneur in angel investing opportunities, while pursuing his philanthropic visions as President of the Morgan le Fey Dreams Foundation, which he founded and endowed in 2006.
Yves Smith has written the popular and trenchant financial blog "Naked Capitalism" since 2006. Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Prior experience includes Goldman Sachs (in corporate finance), McKinsey & Co., and Sumitomo Bank (as head of mergers and acquisitions). Yves has written for publications in the United States and Australia, including The New York Times, The Christian Science Monitor, Slate, The Conference Board Review, Institutional Investor, The Daily Deal and the Australian Financial Review. Yves is a graduate of Harvard College and Harvard Business School.
Maya MacGuineas, President of the Committee for a Responsible Federal Budget, looks at how Congressman Paul Ryan's budget plan and the Democratic alternative are not politically realistic and shortchange the American economy.