Jack Welch on the Global Economy, US Housing and Europe Crisis

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Jun 20, 2012
If CEOs are capital allocators, then how about learning from one of the best CEOs in the business world?

Jack Welch, former GE (GE, Financial) chairman & CEO, was on CNBC to share his thoughts on the continued financial crisis in Europe and the outlook on the U.S. economic recovery.


Here is what he said:


On Housing: He thinks housing is going to pick up.

Global Slowdown: Southern EU was already declining, Northern Europe has slowed down as well. U.S. will hold on to its 2% growth rate. BRICs all slowing down, specifically India which is in terrible shape. Things are slowing down across the globe.

Operation Twist: Operation Twist is not the solution to the problem.

Jamie Dimon Testimony: Testimony was a lesson in leadership.


Here are the videos:


Housing is going to pick up:





The global market is really weak:





Management and leadership:





Political environment: