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Nobel Laureate states the obvious(Stiglitz)

Started by Riversider
about 17 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.bloomberg.com/apps/news?pid=20601087&sid=avoMA970qQjs Sept. 3 (Bloomberg) -- The U.S. economy faces a “significant chance” of contracting again after emerging from its worst recession since the 1930s, Nobel Prize-winning economist Joseph Stiglitz said. “It’s not clear that the U.S. is recovering in a sustainable way,” Stiglitz, a Columbia University professor, told reporters today in New York.
Response by GraffitiGrammarian
about 17 years ago
Posts: 687
Member since: Jul 2008

I like this bit at the end:

"Between the fall of the Berlin Wall and the collapse of Lehman Brothers was “the short period of American triumphalism, where we dominated the global scene. That period is over,” Stiglitz said."

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Response by The_President
about 17 years ago
Posts: 2412
Member since: Jun 2009

oh please. What country comes close to matching the U.S. on the global scale? Stiglitz's quote sounds anti-American if anything.

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