There may be some losers as well as winners. And those who lose their jobs to the new technology will soon find other employment, says Martin Feldstein.
Americans are lucky they have inherited the innovations of the past.
The Federal Reserve must now ensure that higher inflation doesn't derail the US recovery.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
Signs of recovery in Spain and commitment from Germany must be met with the willingness to let the euro fall.
Massive default, together with a very large sustained cut in the annual budget deficit, is, in fact, needed to restore Greek's fiscal sustainability.
To not default, Greece's current deficit of 14% of GDP will have to fall to 5% which is unlikely, says Martin Feldstein.
It will strengthen, because global economic conditions require the eurozone to run trade deficits.
They may well be, but investments in euro-denominated bonds will give higher safe returns, says Martin Feldstein.
Next decade's annual growth is likely to be about 2 per cent, roughly same as the last 10-year average, says Martin Feldstein.
There are better ways to hedge inflation and exchange rate risk than buying gold, says Martin Feldstein.
It would be futile to believe G-20's promises to rein in monetary and fiscal policies
The Chinese government must work towards policies that lead to higher spending by Chinese consumers.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances