Monday, August 10, 2009

Gary Shilling: Recovery in '10, Slow Economic Growth to Follow

Not good news (InvestorInsight via PaulKedrosky):

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.

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