EETimes.com – Meltdown unlikely, says Stanford economist — In case you were looking for good news.
I’ll be here all week! A general economic slowdown is the most likely result of the current woes on Wall Street, according to a leading economist.
The electronics industry should fare better than most in such a scenario, said A. Michael Spence, a 2001 Nobel laureate in economics. However, he cautioned a small risk still remains that the current crisis could lead to a broader meltdown.
“Bottom line is that no one will be untouched, [and] electronics should experience a slowdown but perhaps less so than the financial sector and perhaps the overall economy,” wrote Spence, former Dean of Stanford’s Graduate School of Business in an email exchange. “The IPO market could be difficult for an extended period and having financing and conserving cash by keeping cash burn down would be advisable,” he said.
Very good comrades. I always enjoy hearing the academia telling citizens how good things are. Very nice distraction from focusing on real problems, It helps when they have no reponsibilities. They can say anything and later government can deny.. Very smart way to deal with problems. You are making good progress in learning how things are done here in Moscow. Perhaps, someday you can be president of russia, which with me as Premier, means you too have no responsibility. Just another tool to promote propaganda.
I feel *so* much better now…what our economy *really* needs is the Faveo Freedom Bra!
>if you raise minimum wages then fewer employees can be employed, but that has never happened before.
Yea, the laws of economics don’t mean anything.
I always buy more of something when the price goes up.
The bottom line is that the present housing and credit crises will lead to a downturn in the U.S. economy. It will be painful and everyone will be touched by it in some way. This won’t kill the U.S. economy…it will just feel that way.