Luminaries in economics and business have been expressing concerns about America's financial future recently. They may not be household names, but they are well known in their fields. Among them are Carmen Reinhart, Ken Rogoff, Bill Gross, Mohamed El Arian, Stephanie Pomboy and, of course, Nouriel Roubini.
Now another high-wattage brain, who happens to be a global media billionaire, is expressing doubts about America's future, too. Starkly.
When the Wall Street Journal interviewed John Malone recently and asked about risks in the cable business he responded; "The concerns really tend to be much more macro: Is America going to make it, rather than are we going to make it? It's pretty hard. If the country doesn't make it, do any of us make it?"
He goes on to muse about illegally fleeing to Canada on a snowmobile trail.
This sounds a bit wacko. But this is not a man known for rash judgment
Wednesday, July 14, 2010
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