Citing the impending end of
quantitative easing measures in the U.S. and the lagging economic
performances of Europe, China, and Japan, Hon Hai Group Chairman Terry
Gou said yesterday that he sees no signs of an economic recovery.
Gou attributed the gradual economic recovery in the U.S. to three factors: the loosening of monetary policy, the transition toward electronic commerce and the development of shale oil production
Funds rendered available during the period of loosened monetary policy led to the recovery from the real estate bubble crisis, while the transition toward electronic commerce helped maintain consumption habits, according to Gou. He added that domestic shale oil production reduced U.S. dependence on oil imports. However, recent signs of economic recovery in the U.S. may be hollow and short-lived, as relaxed monetary policy has contributed to the rapid decline of the American middle class, said Gou, citing the proliferation of 99-cent stores in America.
http://www.chinapost.com.tw/taiwan/business/2013/06/25/382060/No-economic.htm
Gou attributed the gradual economic recovery in the U.S. to three factors: the loosening of monetary policy, the transition toward electronic commerce and the development of shale oil production
Funds rendered available during the period of loosened monetary policy led to the recovery from the real estate bubble crisis, while the transition toward electronic commerce helped maintain consumption habits, according to Gou. He added that domestic shale oil production reduced U.S. dependence on oil imports. However, recent signs of economic recovery in the U.S. may be hollow and short-lived, as relaxed monetary policy has contributed to the rapid decline of the American middle class, said Gou, citing the proliferation of 99-cent stores in America.
http://www.chinapost.com.tw/taiwan/business/2013/06/25/382060/No-economic.htm
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