China’s rapid economic acceleration could be a good thing for a piece of the Knoxville economy.
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.”
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?