WATERLOO, Ont. — A weak U.S. economy could be with us "for a very long time," as unemployment continues to rise, consumers remain tight-fisted and business spending fails to be the demand driver needed to help boost the recovery, says Nobel-winning economist Paul Krugman.
"I've got a bad feeling" about where the economy is headed, Krugman said late Saturday at an international economic conference sponsored by a Canadian think tank founded by Jim Balsillie, co-chief executive of BlackBerry maker Research in Motion Ltd. (TSX:RIM.)
Krugman, the keynote speaker at the conference dinner Saturday night, said Friday's U.S. weak employment report suggests U.S....
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