Ken Rogoff says it's good that things in the US are this bad
The US economy is headed for slow growth rather than a double-dip recession, while the euro will likely endure and China can’t escape the business cycle, says the Harvard professor.
The US economy is exhibiting the signs that typify the aftermath of a severe financial crisis, with housing prices likely to fall yet further and no immediate sign of easing unemployment.
According to Kenneth Rogoff, Harvard University professor, investors can take comfort in seeing the US behave like most other countries have done following a financial crisis. "Because crises end," he told the AsianInvestor and FinanceAsia Asia-Pacific Debt Investment Forum in Hong Kong yesterday.
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