As we’ve written before, large corporations, especially the kind that have been first in line for bailouts, are not the economy’s main source of new job creation. Instead, start ups and entrepreneurial companies contribute most to adding new jobs in the sectors of the US economy where there are growing markets and emerging opportunities.
[Read more...]For Now, Emerging Markets Leading the Way
April 5, 2010 By Leave a Comment
Given the not very confidence-inspiring “recovery” taking place in the US — as witnessed in part with the recently released job market figures — writer Robert Lenzner keeps his eye on a more convincing prize in the emerging markets.
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Roubini: 2nd Half Looking Worse, Double Dip Over 40% Likely
Nouriel Roubini, or “Dr. Doom” as he’s also known, is a New York University professor and co-founder of Roubini Global Economics. As his nickname implies, his opinions tend to be on the gloomy side, and in this recent interview he describes “monetary policy as impotent” and estimates a GDP growth rate in this year’s second half of, well, just about zero percent.
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