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Harry Hoopis, CLU®, ChFC®

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News & Events

Steve Forbes on 

“Rebuilding, Reviving and Learning From the Great Recession”

Northwestern Mutual hosted over 3,000 attendees for a speaker series with Steve Forbes. The three day tour included Denver, Newport Beach, Chicago, Minneapolis, Atlanta and St Louis.   In each city, Steve discussed key lessons learned in the Great Recession and how to rebuild and revive the economy. 
 
Below are some of the key insights the two presented.
 
  • Better fiscal policy and reduced government spending are key to recovery. Forbes stressed the need to have better and smarter government oversight, as many of the problems leading to the recent recession were exasperated by poor oversight. Forbes believes that fixing these issues will help America stay competitive in the global economy. 
  • There is reason to be optimistic about the economy. Forbes expressed optimism about the country’s prospects in the short-term, especially given our flexible labor market and history of innovation. 
  • We need to get back to the basics. People need to get back to basics and manage their finances in a sound manner. Recently, people have lost sight of the conservative spending habits of earlier generations, but we need to relearn those habits to stay financially sound.
 
For more thoughts on these and other business topics, visit the Northwestern Mutual Resource Center of the Forbes.com Fact & Comment page.