In this episode, Feliciano School of Business alumnus Jim Merli discusses the recent impact of the coronavirus on the US economy. This episode was taped on March 3, 2020, the day the Federal Reserve cut the interest rates by a half of a percentage point.
Jim provides his opinion on the short and long term impact of the virus on the US economy and when and if the stock market will recover. He also shares insights on why historically the Fed cuts interest rates and its' impact on Americans, companies, and banks.
Jim graduated from Montclair State University in 1983 with a B.S. degree in Business Administration and a concentration in Finance and Marketing.
Mr. Merli launched his Wall Street career in 1983 at Shearson, prior to the Shearson / Lehman Brothers merger, and remained at Lehman Brothers Inc. for more than 25 years. Mr. Merli subsequently joined Barclays Capital as Head of U.S Primary Market Syndication where he remained until 2010. In 2010 Mr. Merli joined Nomura Securities International as Global Head of Debt Syndication and Head of Global Finance for the Americas.
Since retiring from Nomura in 2015, he has become an Adjunct Professor at Montclair State University, a member of Advisory Board for the Feliciano School of Business. He most recently accepted the role of Executive-in-Residence at the Feliciano School of Business.