How Long Will the Economy Suck?

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You can make a pretty good case that the U.S. economy won’t truly recover until we finish deleveraging from the credit bubble of the aughts. Stuart Staniford takes a quick look at several methods of estimating how long that’s going to take, and comes up with the following: 15-25 years, 13 years, 10+ years, and 10-15 years. “All of these methods have problems,” he acknowledges, “and you can pick your poison. What they all have in common though is this: deleveraging will take at least a decade, and it could easily take 15-20 years. In the meantime, the economy is likely to be pretty choppy at best.”

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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