strategy+business is published by PwC Strategy& Inc.
 
or, sign in with:
strategy and business
Published: February 28, 2007

 
 

Joseph Ellis: The Thought Leader Interview

S+B: Overall, you are cautious about the economy in general.
ELLIS:
Yes, but I must acknowledge that my lead/lag indicators have been pessimistic for two years now, and the degree of slowdown in the economy has been far more modest than historical relationships would have suggested.

An important comfort in watching cycles in these charts is that, whether from the peaks or from the troughs, the U.S. economy almost always returns to its mean growth rate of 2 to 3 percent. We’ve had other times when pundits felt there were crises nearing, but you learn after a while that the economy — in the U.S., and perhaps in the rest of the world as well — has a way of correcting itself.

Reprint No. 07109

Author Profiles:


Art Kleiner ([email protected]) is editor-in-chief of strategy+business and author of Who Really Matters: The Core Group Theory of Power, Privilege, and Success (Doubleday, 2003).

Melissa Master ([email protected]) is a senior editor of strategy+business.
 
 
 
 
 
Close
Sign up to receive s+b newsletters and get a FREE Strategy eBook

You will initially receive up to two newsletters/week. You can unsubscribe from any newsletter by using the link found in each newsletter.

Close