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Carmen Reinhart Warns That High Unemployment Could Last 10 Years


First Posted: 10/28/10 06:12 AM ET Updated: 05/25/11 06:30 PM ET

The New York Times:

The American economy could experience painfully slow growth and stubbornly high unemployment for a decade or longer as a result of the 2007 collapse of the housing market and the economic turmoil that followed, according to an authority on the history of financial crises.

Read the whole story: The New York Times

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Filed by T.J. Ortenzi  |