Pellicano Articles
March 8 (Bloomberg) — Brian Jackson, an emerging-markets strategist at Royal Bank of Canada in Hong Kong, talks with Bloomberg’s Susan Li about his investment strategy for emerging-market stocks. Jackson also discusses China’s National People’s Congress and the outlook for the nation’s economy. (Source: Bloomberg)
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Posted in Stocks · March 8th, 2010 · Comments (0)
In spite of the stimulus and the tax breaks the financial system is still unpredictable. And Bill Gates has remarked that believes the U.S. economy “could take years to recover from the recession and taxes will rise in order to bring the federal budget into balance.” Gates also warned that too much government intervention could worsen the economy’s prospects and instead they should focus on long-term policy goals like improving education.
Improving education is one of the best steps a government can take toward improving the economy and the prospects of a country long-term. By educating a single generation the outcome is great and by educating several generations, the country will become more secure and developed. As a result of the findings, improving and implementing education is one of the first things struggling countries do. That’s one of the first things China did and they are now reaping some of the benefits. But improving education alone cannot enhance the economy.
After the Great Depression it took years for the economy to get better. It was World War II that ultimately got the economy on track. Gates said that this is a similar circumstance and that “when you have a financial crisis like that, its years of digging out.” The budget is very out of balance|unbalanced[/spin] and even if the economy comes back, without changes it won’t be back in balance. Nonetheless in the meantime Gates expects it to be years.
And Gates thinks that in order for the economy to return to normal, taxes will increase and entitlements must be moderated. And if changes aren’t made the country will go deeper and deeper into debt. The recovery will be sluggish and the government and the American people have to learn to accept that. A slow recovery is disliked by everyone but sadly it can’t be sped up. If the government does to much things could worsen, or just postpone the inevitable. The government has to focus on long-term goals.
The U.S. national debt is currently over $12 trillion and rising. States are going bankrupt and don’t know how they are going to budget for all of their services. California, Arizona, Illinois, and New York are on the brink of financial breakdown. And to top it off there are continually headlines saying that the economy is on the rebound, which is far from true. The numbers are saying otherwise and Americans need to prepare for the long haul. It’s going to be a lengthy road and hard for many to get through but America will prevail just like it always does.
The life of Americans may not be stress-free but eventually the economy will recover. Life may not be the same as it was before the financial crisis but hopefully it will improve. People will learn not to take things for granted and know that sometimes things get bad and you have to for them and stay out of debt. Savings and emergency funds are likely to rise as a result of the turmoil this recession has caused Americans.
This article was written and distributed by Diane Johnson. She earned a bachelor’s degree in Political Science from the University of Utah. She likes to write about the news, politics, Schools Online, Online College, and Adult Education.
Tags: debt, economy, Education, stimulus
Posted in Education · March 7th, 2010 · Comments (0)