Tag Archives: Recover

China’s rapid growth could be good for Knoxville

China’s rapid economic acceleration could be a good thing for a piece of the Knoxville economy.022509searay1.jpg.jpg

Brunswick Corp., owner of Sea Ray Boats, which has manufacturing plants in the Knoxville region, expects a 25 percent increase in China sales in 2011.

“We believe the long-term potential in the marine business is larger than anywhere else in the world,” Brunswick CEO Dustan McCoy said in an interview April 2 with Bloomberg. “There is so much wealth here it is unique. Boating culture will take hold very strongly.”

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More stimulus needed now

Here’s a little summer reading for all my ultra conservative friends unwilling to support another round of stimulus spending even if it means the recovery oozes to a halt, more people lose jobs and the universe implodes.

The recovery is fragile and now is not the time to cut off the money. Consumers and businesses — especially small businesses — need help now.

Paul Krugman: Lincoln, McClellan, And Stimulus

Michael Kinsley: Is the Deficit No Big Deal?

Derek Thompson: ‘Nothing Would Spook the Markets More Than For Paul Krugman’s Advice to Be Accepted’

The Curious Capitalist: Do We Need A Second Stimulus?