Chris Isidore, CNNMoney
Wednesday June 8, 2011, 10:10 am EDT
The economy is still struggling. And Americans are in for a long and painful adjustment period.
One major reason: their own household debt.
Many experts say private debt owed by households, as well as businesses, is an even bigger problem than the government debt that's getting so much attention lately. And it won't be solved without a difficult stretch of high unemployment and slow growth that will likely last for six or seven more years, producing America's own version of Japan's "Lost Decade."
Continue reading:
http://finance.yahoo.com/news/Lost-decade-Debt-fuels-slow-cnnm-3856912071.html?x=0
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