Carmen Reinhart Warns That High Unemployment Could Last 10 Years

10/28/2010 05:12 am ET | Updated May 25, 2011
  • SEWELL CHAN 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.

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