« Good enough, smart enough, late enough. | Main | Canada's Law21: Leverage--and redesigning value. »

December 16, 2008

The Recession: Shanghai, Silver Linings.

Read China Law Blog's Dan Harris in "Finance People: Shanghai Says Jobs, Jobs, Jobs". It begins:

There is a fairly prevalent theory that the best time to start a new business is during a recession/depression. I buy that. During tough times, established companies often disappear, get overly cautious, and lay off scads of good people, who can be hired relatively cheaply. During tough times, big shifts can occur.

A few months ago, I pretty much scoffed at the idea of Shanghai becoming a financial capital... Though I certainly am not convinced, I certainly am not scoffing either. To use a bad pun (particularly during this bear market), China is grabbing the bull by the horns and seems to be boldly making moves to increase its worldwide standing as a financial center. [more]

Posted by JD Hull at December 16, 2008 11:52 PM

Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?