David Rubenstein, Co-founder and Managing Director of The Carlyle
Group, told Charlie Rose that we need to be satisfied with a relatively flat
economy through at least the rest of the year.
With unemployment so high, and Congress showing little will to do
anything significant before fall elections, he is expecting things to stay
pretty much the same.
As for the long term prospects of the US economy,
Rubenstein seems to think the days of 5-6% growth—at least for extended
periods—are a thing of the past. Here is an excerpt of the interview:
Watch the full interview here.
Posted
08-04-2010 7:49 AM
by
Graham Griffith