A trend that is deeply concerning to me is the lack of new high tech business creation in the US during the past ten years.I have written several times on this blog that the ultra low interest rates between 2002 and 2005 should have created huge amounts of new small businesses. Instead there was a housing boom, unprecedented growth in complex financial instruments, outsourcing, and in general a great deal of new debt. The eventual consequences in terms of the 2008 financial crisis were catastrophic.
I think America in some ways is still experiencing the effects of the .com bust. Further, the lack of capital for risky new ventures is alarming. The following link discusses this important issue:
To read the full, original article click on this link: Edmund W. Schuster: Start-Up Stagnation
Author: Edmund W. Schuster
