October 14, 2008
Gates said the United States face a serious economic recession
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Microsoft has to withdraw from day-to-day management of Microsoft chairman Bill Gates said Monday that the U.S. economy is heading towards a “serious decline” in the future the overall U.S. unemployment rate is likely to exceed 9 percent.
Gates, on the same day in the city of Boston, Harvard Business School, a speech that the U.S. government and personal debt rise in the U.S. economy is being dragged down overall growth. In his view, these debts will bring U.S. economic growth potential risks, because until recently, not too many violations and other signs that the U.S. economy has been faced with a dilemma.
Gates pointed out that it is related to the U.S. economy will be strong growth in the view of many investors to the market rate of return is expected to have a high, “these ideas are willing to take risks in investment, and investment in the corresponding extreme behavior is faced with a huge market risks. “Related statistics show that the United States in August the overall unemployment rate rose to 6.1 percent, in September remained at this level.
On the same day at the Harvard University alumni gathering activities, General Electric (GE) CEO Jeffrey Immelt said that the United States occurred in the previous financial crisis, “incredible” and is expected to be in the future The U.S. economy will be “two consecutive quarter of negative growth.” Economists believe that if a country’s economy for two consecutive quarters of negative growth, the country appears to believe that the economic recession.
