Bill Gates on the financial crisis

Billy doesn’t have a pleasant outlook on the United States financial future saying at a Harvard Business School speaking event that we will experience a ‘significant recession’ and 9% unemployment sometime in the future.

Higher personal and governmental debt are contributing to the U.S. economic slowdown, Gates said today in comments at Harvard Business School in Boston. The U.S. unemployment rate climbed to 6.1 percent in August and stayed at that level in September.

I hope there isn’t any need to point out the irony of his speaking venue, but when one of the richest men in the world speaks, you listen.