Investor Alert; Here are the major problem you will face in the next ten years of ticklish transition from crisis to attempted normalcy. Call it the WALL OF WORRIES! Excerpted from The Economist Conference on Fixing Finance. And remember; not all problems have quick solutions, like all of the ones below.
- Economic growth in the US unlikely to pass 2% for the next 3 to 5 years-- and maybe even up to 10 years. There can be no stimulus program in light of the expected Republican victory in November. "This is going to be a period of pain," said Joseph Stiglitz, Columbia University professor. The bottom line: unemployment will plague as because there is a 1% annual growth in labor force-- but only 2% economic growth...
