Hot IPOs Coming Your Way: Why Innovation Will Lead Our Recovery
by Louis Basenese, Advisory Panelist
Senior Analyst, The Oxford Club
Most folks have long since left the IPO market for dead… and it’s no wonder.
Scan the financial markets and very little - if anything - is consistently moving in a positive direction. And the latest economic data - unemployment, home foreclosures, bankruptcy filings, consumer spending - only underscores how far and wide this recession is cutting.
One thing, however, keeps chugging along, undeterred - innovation…
Innovation Will Lead The Economy’s Recovery
“Innovation goes up while the economy goes down,” says W. Chan Kim, Fellow of the World Economic Forum. And history suggests he’s not wrong. In 1969, while the economy slumped 1.9%, the number of patents granted jumped 14%.
During the energy-induced recession of the early 70s, unemployment hit 9%. GDP dropped 4.7%. And yet innovation handed us major breakthroughs
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