Tuesday, January 25, 2011

Turbulence Ahead

By Joseph E. Stiglitz

No recovery can be called real without bringing down unemployment. As in the euro zone, the haunting number in the U.S. hovers around 10 percent. (In Spain, it's twice that.) And there is a wide consensus among economists that something like the pre-crisis unemployment level of 5 percent remains years away, at least.

Turbulence Ahead

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