End of the Free Market? America’s New, New Deal

P. Brett Hammond, Managing Director and Chief Investment Strategist, TIAA-CREF, presented this lecture on April 2, 2009, as part of the University of Arizona Eller College of Management Distinguished Speaker Series. The role of government has become central to the debate about how to solve our current economic crisis. Is the government going too far or not far enough? What does this mean to the markets, the economy and your investment portfolio? P. Brett Hammond is a Managing Director and Chief Investment Strategist for TIAA-CREF and serves as the companys ambassador on issues relating to the macro economy, financial markets, and long-term investing. He is also chair of the Research Council on Global Investment, an organization of senior leaders in pension and investment management. Hammond is a member of the Forbes.com Intelligent Investing Channels All-Star Investor Panel and a frequent resource on topics relating to long-term investing for outlets including The New York Times, Washington Post, Associated Press, CNNMoney, Pensions & Investments, International Herald Tribune, CNBC, and Bloomberg Television. Prior to joining TIAA-CREF, Hammond held positions at the National Academy of Sciences, UCLA, and UC-Berkeley. He received a Ph.D. from the Massachusetts Institute of Technology.