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Seven Years of Bad Luck, or Bad Growth, or Something

Written by: Paul Kedrosky

Article Overview: From the latest Gary Shilling effort (as sent around by John Mauldin):

Seven Years of Bad Luck, or Bad Growth, or Something

From the latest Gary Shilling effort (as sent around by John Mauldin): Beyond the current recession, the worst since the 1930s, lies years of slow growth, as we've discussed in past Insights. The next economic recovery, which will probably start around mid-2010, will likely be so subdued that it may not feel like the recession has ended. And economic growth in the bulk of the next decade will probably be slow -- so slow that it will force the federal government to take continuing actions to prevent high and chronically rising unemployment.

Lots more here, most of which I agree with.

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Article Tags: 1930s, bad luck, economic growth, economic recovery, federal government, gary shilling, insights, john mauldin, next decade, recession, seven years, unemployment



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