Robert Reich, professor of economics at the University of California, Berkeley and former Secretary of Labor, is not optimistic about the pace of recovery. For one, he expects the unemployment rate to remain in double figures for the next year. But he's also concerned that we have not learned our lesson about the danger of bubbles. He spoke about the state of the US economy at large, and of Califronia's economic challeneges specifically, as the Commonwealth Club. Here's an excerpt in which he talks about commodities and China:
Watch the full speech here.
Posted
02-04-2010 8:53 AM
by
Graham Griffith