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Jun 8, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Why hasn’t the recovery kicked in yet?

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Why hasn't the recovery kicked in yet?
Jun 8th 2012, 20:22

Last winter, Karl Smith, an economist at the University of Carolina, was predicting that the United States was headed for a strong recovery in 2012. His logic was seductively simple — there was lots of pent-up demand for things like cars and housing, and that demand was bound to kick in eventually.

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