Florida on the Sustainability of America’s Economy

(Community Matters) Richard Florida on the economy (even more on the sustainability of US capitalism)

There is enormous speculation in the media, fed by statements by government officials, with regard to the question whether the current economic downturn has reached, or will soon reach, its bottom and start upward. I believe this speculation, and the data and opinions on which it is based, are of little value, probably too little to guide individual or business decisions. People got tired of reading about economic gloom and doom, so the media were happy to play up indications that the worst was over.