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Jack Welch, former GE (GE) 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:
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