BUSINESS
06/08/2011 09:18 am ET Updated Aug 08, 2011

Six Economic Disasters That Have Yet To Strike: New Republic

After yet another weak jobs report came out last Friday—the U.S. private sector, it turns out, added just 38,000 jobs in May—economists have been groping for an explanation. One theory is that the economy is still in a deep, deep funk: As the IMF warned back in 2009, it takes a long time for the world to recover from a severe financial crisis. It doesn’t help, either, that Congress now has zero interest in addressing unemployment, that the mere mention of further stimulus is verboten, and that the Fed is too skittish about inflation to consider more aggressive monetary policy.

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