Be Very Afraid of The China Bubble, Says Time Magazine
7 months ago
The sugar high that has buoyed the U.S. economy for over the past 6 months is wearing out, and there is little in economic growth or foundation to show for it.
Douglas Borthwick, Faros Trading
Once you start dropping bombs on a place, you are at war.
Robert Powell, Mid-East analyst at The Economist Intelligence Unit
American children should prepare to face a lot of competition from their peers in Asia. They will need not only to improve their mathematics and science skills, but also to learn about global markets and cultures. They need to be ready for a much more competitive world; otherwise the Indians and Chinese are going to eat their lunch.
(Source: foreignpolicy.com)
Inc. Prediction for 2011 - The Return of Hiring - Yes, hiring. Ever heard of it? American companies shed millions of jobs during the recession. As the economy has recovered they’ve made up for the shortfall by getting more out of their workers—productivity grew by 3.5 percent in 2009. But productivity is slowing down, which means companies will have to start hiring again. What does it mean? You’ll have to work harder (and pay more) to attract talented, motivated people.
There’s no question this will be the strongest quarter for consumer spending since before the recession.
Chris Low, chief economist at FTN Financial in New York
You can stick your head in the sand, but the IRS owns the beach.
