"From Recession to Recovery" an economist's reasons for optimism

[DailyGrind51]

Ross C. DeVol of the Milken Institute outlines several reasons for optimism for America's economic future.

"Ross DeVol is Executive Director of Economic Research at the Milken Institute, leading the Center for Regional Economics, the Center for Health Economics and the California Center. DeVol oversees the Institute's research efforts on the dynamics of comparative national and regional growth performance. He is also an appointee to the California State Controller's Council of Economic Advisors.

Since joining the Institute, DeVol has put his group in the national limelight with groundbreaking research on technology and its impact on regional and national economies. He is an expert on the new intangible economy and how regions can prepare themselves to compete in it. He examines the effects of technology, research and development activities, international trade, human capital and labor-force skills training, entrepreneurship, early-stage financing, and quality-of-place issues on the geographic distribution of economic activity. DeVol is ranked among the "Super Stars" of Think Tank Scholars by International Economy magazine..."

Here is a link to a PDF of his study:


http://www.milkeninstitute.org/pdf/From_recession_to_recovery.pdf

[bluestateguy]

1. "Doomers and Gloomers: Report to your posts. We have an invasion to repel in GD!"

nt

[postulater]

2. Glass half-full. Mango juice.

[Warpy]

3. Every depression so far has led to a recovery of sorts

but too many of those recoveries have been for the top, only. Oh, the bottom would get jobs again, but at starvation wages.

The only reason the Great Depression led to a recovery for everyone followed by the longest period of boom punctuated by shallow recession is that the PTB were truly concerned they were facing a 1917 style revolution.

That De Vol is seeing the seeds of a recovery starting to sprout is all well and good. They are definitely there. However, what he's not seeing is what shape that recovery will take given the unwillingness of the government to overturn Reaganomics.