Thursday, June 26, 2008

The decline of Western civilization (well, banking, anyway)

PSMJ Australia colleague Charles Nelson passed along this opinion piece from Australian newspaper The Age. The piece talks about the impending death of the U.S. banking system and, while the AEC industry is not mentioned specifically, the rising tide of foreign firms buying U.S. A/E firms is clearly tied into this. It's not too much of a stretch to think that the sluggish U.S. economy has opened the doors for foreign investors and firms to enter the U.S. market. And one of the leading causes for the sluggish economy is the struggles of the U.S. banking system.

Feel differently? Drop us a line.

But definitely read the piece. It's worth the five minutes it will take you to get through it.


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