Boom in '11?
This video clip at First Trust Blog is worth watching for a few good reasons. First, it features one of the most accurate economic forecasters around: First Trust's Brian Wesbury, who is bullish for 2011 given the recent political changes and the extension of the Bush tax cuts. Second, it features Arthur Laffer, who is a suprisingly clear talker for an economist. Finally, it features David Goldman, the man behind one of my favorite mythical beings and columnists, Spengler.
Goldman is less optimistic than Laffer and Wesbury and makes some very important points about our broken job machine, including the fact that 2/3 of jobs in the U.S. have traditionally been created by small business and start-ups, both of which are on their deathbed and neither of which are traditionally financed by bank loans but rather by equity.
Goldman is less optimistic than Laffer and Wesbury and makes some very important points about our broken job machine, including the fact that 2/3 of jobs in the U.S. have traditionally been created by small business and start-ups, both of which are on their deathbed and neither of which are traditionally financed by bank loans but rather by equity.



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