Could the US experience a “lost decade” like Japan?

According to economist Mohamed El-Erian, it could happen – and it could be worse. American policymakers may be recognizing the challenge they face in trying to overcome “structural impediments.” However, he writes, without “a major change” in policy that acknowledges the complexity of a post-bubble economy, the US faces troubling times ahead. Read more of El-Erian’s op-ed in Reuters.