There are a number of possible reasons the recovery has been slower than expected. Foreclosures. Banks making fewer loans. American companies doing more of their hiring overseas.
The adoption of new regulations to stop another financial crisis. My colleague Roya Wolverson has discussed, here and here, the things that could be a continued drag on the U.S. economic recovery, or even send us back into recession.
On Tuesday, the Wall Street Journal took a look inside the disappointing recovery and found a different answer for why the U.S. economy could continue to be weak: Consumer debt.
MORE
1 comment:
is youre fax number right at the top of the page? 648?
Post a Comment