Skip to main content
Leavey School of Business Santa Clara University

Newsmakers

Business school faculty

Business school faculty

Michael Santoro : Election Blindness : Salon

LSB’s Professor Michael Santoro was quoted in Salon about an American debt crisis expected to hit after the election.
Business school faculty

Michael Santoro, professor of management in the Leavey School of Business, was recently quoted in an article in Salon warning about “election blindness” leaving Americans unaware of the looming debt crisis expected to hit in the near future.

An excerpt from the piece:
“While many experts say that such a debt level for the U.S. is no problem, others are less sanguine. ‘The so-called experts also said there was no problem with systemic risk built into the system before the 2008 mortgage bubble burst,’ said Michael Santoro, professor of management at Santa Clara University. ‘If anything, post 2008 crisis, we should have learned about double checking our assumptions about systemic risk.’

‘In the last financial crisis we had to worry about the impact on government from the bursting of the business bubble,’ Santoro said. ‘In the next crisis we will have to worry about the impact on business from the bursting of the government debt bubble.’

‘The Fed has become politicized and now its afraid to end the easy money policy, but we can’t just keep the peddle on the gas no matter what,’ warned Santoro. ‘We need to make some small incremental interest rate increases because the longer we put it off it will only get worse.’”

Find the full piece here»

Learn more about Professor Michael Santoro »

MGMT, Michael Santoro, LSB Newsmakers,