Seven Years of Bad Luck, or Bad Growth, or Something

Guest post by: Paul Kedrosky
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From the latest Gary Shilling effort (as sent around by John Mauldin): Beyond the current recession, the worst since the 1930s, lies years of slow growth, as we've discussed in past Insights. The next economic recovery, which will probably start around mid-2010, will likely be so subdued that it may not feel like the recession has ended. And economic growth in the bulk of the next decade will probably be slow -- so slow that it will force the federal government to take continuing actions to prevent high and chronically rising unemployment.

Lots more here, most of which I agree with.

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About the Author: Paul Kedrosky

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Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company.
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