The Recession: Over or America’s Lost Decade?
Posted by William Byrnes on January 12, 2011
Some economists are reporting that the recession is officially over.
Others are less optimistic, suggesting that the recession could last into 2012. And with unemployment numbers hovering around 10 percent, median household income falling, and foreclosures mounting, the most important part of any potential recovery, the public, is still cynical.
What if even the most cynical predictions for the world economy are underestimating the length of the path to recovery?
One economist is predicting that the current recession could last until 2018. Read this complete article at AdvisorFX (sign up for a free trial subscription with full access to all of the planning libraries and client presentations if you are not already a subscriber).
For previous coverage of the economic downturn in Advisor’s Journal, see Fed to Purchase $600 Billion in Treasuries in Move to Stimulate Economy (CC 10-94).
This entry was posted on January 12, 2011 at 06:17 and is filed under Uncategorized. Tagged: Barack Obama, Economic, Federal Reserve System, Gross domestic product, Late-2000s recession, Recession, United States, United States Treasury security. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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