Harvard economist Ken Rogoff says the U.S. is in a typical slow recovery following a crisis, and vulnerable to any shocks to the system. (If you have not done so yet, please read the book “This Time is Different: Eight Centuries of Financial Folly” by Rogoff and Carmen Reinhart.)
Little new here. He failed to mention his book’s estimate of the time involved to clear the market: A decade of twisting in the wind historically, and why this might not be just a national issue, but a global problem.
And that assumes no more screw ups in policy – which is asking for great deal. Beware of the man who likes QE2 and wants more, if possible. The currency a side issue. Who needs money??
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By Prieur du Plessis, on June 16th, 2011 posted in: 
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Little new here. He failed to mention his book’s estimate of the time involved to clear the market: A decade of twisting in the wind historically, and why this might not be just a national issue, but a global problem.
And that assumes no more screw ups in policy – which is asking for great deal. Beware of the man who likes QE2 and wants more, if possible. The currency a side issue. Who needs money??