Richard Clarida was Assistant Treasury Secretary during the George W. Bush Administration. Now he is a professor of economics at Columbia University, and strategic advisor for the global investment management firm PIMCO. Clarida says, while there have been some good signs in the economy of late, any talk of an end to the recession is premature. In this interview with Bloomberg, he stresses that recovery is gloing to be slow, and Americans need to "get used to a world where the US is the caboose on global growth, not the engine":
Posted
05-12-2009 7:37 AM
by
Graham Griffith