I was a bit surprised by "decade" ...
Key message, in my view:
“We could have many years of a very weak economy. Big recessions are followed by years of weakness and typically unemployment keeps rising."
“To say that this will last years is not a dramatic statement. What is happening now is much worse than 1990. We could be facing a decade of real weakness."
Well, he may be wrong, but consider as a probability ...
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