Surveillance: Risk Management with McWilliams
Bloomberg Surveillance
00:00
The Polarities in American Politics With the Too Small to Succeed
I'm absolutely fascinated by the focus of an America that is succeeding, like Apple with an effortless five-trunch bond offering this morning. There's a huge body of America that feels they're too small to succeed. Where are they in a number of years? I think we're seeing the bifurcation, or maybe even a three-way separation of the US economy right now. What I think we have to worry about is the credit crunch, which looks as though it's beginning to unfold. If you look at bankruptcies amongst smaller businesses, those numbers are beginning to spike. That will make that divide, dig that ditch ever, ever deeper.
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