Wednesday, June 3, 2009
Paul Krugman told the BBC today that:
The economic slowdown could last five to 10 years and cost trillions of dollars... any recovery would be "so slow it would feel like a recession".
This mirrors what people like Marc Faber have been saying (Faber is predicting hyperinflation at some point, but thinks that there may be months, years, or decades of economic stagnation before then).
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