Tuesday, April 7, 2009

MIT economists' panel sees light at end of economic tunnel

This is not only a good panel discussion, but also one that has some good news. The time might be close when people can resume investing. Perhaps it's also time for Europe to realize that our economic situation is way better than the US for a number of reasons starting with the fact that we are nowhere near the level of debt that prevails in the US be it government or private debt. It's just so sad we don't have anyone to carry the torch of recovery on the political front. As someone told me recently, a recession can be a self-fulfilling prophecy whereas business & economic progress does not happen by mere wishful thinking.

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