There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
Kenneth RogoffRussia depends on natural resources way too much. Russian economy is not diversified enough
Kenneth RogoffWe're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.
Kenneth RogoffWe Americans are not about to stop borrowing as long as they give us money for nothing.
Kenneth Rogoff