Bonzer Wolf™ (bonzerwolf) wrote,
Bonzer Wolf™
bonzerwolf

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Jobless Scars Will Outlast the Recession

"Recessions are like illnesses:Most are quickly overcome,but some do lasting damage."-Mark Gongloff

In todays Wall Street Journal Gongloff goes on to say that recessions triggered by financial crises can skew the healing process.

Getting employment back to a "new normal" of 6% by the end of 2012 will require sustained GDP increases of 5%, estimates economist Bruce Kasman.

Take it from the Wolf, that chit ain't happening over the next couple of years. GDP will continue to shrink.

"I worry we have lost a generation of investtors,which will make it much more difficult to fuel the expansion in the corporate necessary to dig our way out of this." -Joseph Brusuelas,economist @ Moody's Economy.com
Tags: economy, recession
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