As consumers hibernate and investors hoard cash, the economy is withering. This new age of thrift is understandable. But for a recovery to take hold, Americans will need to start taking risks again. Full Story »
Posted by Derek Hawkins
A highly recommended opinion piece that brings great information, both historical and otherwise, in making a case for renewed spending on the part of Americans. One thing that's missing is a discussion of how people can invest such that all wages will rise, as opposed to the uneven growth we saw in the first half of this decade.
When is saving bad? Now, according to this piece. Risk build our country and until people once again are willing to take financial risks it is unlikely the economy can improve. And until our economy improves it is unlikely that the world economy can revive.
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