Eric King: “When you look at Greece, Jim, when you look at Spain, close to 60% youth unemployment. In the United States it (unemployment) is over 50% in the minority communities. We talked about a lost couple of decades in Japan in an interview one time. We’re talking (potentially) about a lost generation here.”
Jim Grant: “… Certainly we are working on it. Another 5 or 8 years we can talk about that because people do not recover after that long from being out of a job, but certainly it’s a discouraged generation….
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