Expert says economy has at least five more years before recovery

Wednesday, February 24, 2010 | 9:28 a.m. CST; updated 9:49 a.m. CST, Wednesday, February 24, 2010

ST. LOUIS — The featured speaker at a St. Louis conference said the economy might not recover for at least five more years.

Jack Strauss is director of the Simon Center for Regional Forecasting at Saint Louis University. He told KMOX that consumers are being cautious about buying cars and homes, the very expenditures that would help the U.S. recover.

Strauss said banks are holding back on loans to small businesses that create jobs.

He also fears more job losses and another recession when the stimulus funds expire in six months to a year.

Strauss is scheduled to speak at an economic forecasting conference at 4 p.m. today at Saint Louis University's John Cook School of Business.


Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.