Web 2.0 Summit: Mary Meeker on how long the recession will last
Mary Meeker, the famous Internet analyst at Morgan Stanley, spoke at the Web 2.0 Summit in San Francisco today. She recited the litany of bad economic news that we currently face. She noted, for instance, that GDP quarter-to-quarter decline in the third quarter was the worst since 1980. Our home ownership is up, but so is debt, and personal savings for Americans has dipped below zero per year. The days of easy credit are over,… Continue Reading