How 4 Game-Changing Innovation Spaces Can End The Recession And Return The Economy To Growth.By
As I feared, the recession is turning out to be much worse than expected. It is going to be sharper, deeper and probably longer than recent shallow recessions. We are just beginning to feel the pain, which will get worse through the Spring and Summer, and perhaps the Fall. Why? Because we are seeing the unwinding of an entire economic model—an economy based on highly leveraged credit-fueled consumption. A system that is not regulated by any government. The US built this economy over the past decade and it is virtually collapsing. Today’s news on the emergency rescue of Wall Street investment firm Bear Sterns is just the beginning.
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