"The Risks Are on the Downside"

Former BW chief economist William Wolman sees too many threats to think an economic -- or equity -- boom is forthcoming

The outsourcing of jobs from the U.S. is underestimated, not overestimated, and the U.S. economy will lag behind nations such as China and India in growth for some time to come. That's the analysis of William Wolman, author and former BusinessWeek chief economist, who also expects those two nations to match the U.S. in innovation soon.

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