Friday, December 11, 2009

Rogoff: Unemployment to Only Get Worse

Harvard economist Ken Rogoff, former Economic Counselor and Director of Research Department for the International Monetary Fund, sees more headwind ahead.

"It's hard to see the kind of robust recovery that's really going to generate the 10, 11 million jobs that we need to get back to where we were before it started," Rogoff told Tech Ticker.

A glance at the U.S. economy feels very déjà vu now, Rogoff says.

“Can I tell you what month the stock market is going to go up and what month it’s going to go down? No. But the broad contours are really eerily similar to the average of past post-war crises.” (more)

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