Saturday, January 31, 2009

Writing Off 2009

Economists are signaling in unison that all of the symptoms of the recession will persist through 2009.

Bloomberg: U.S. Economy May Keep Sliding After Shrinking Most Since 1982
“The recession is going to last through most of 2009, and we’ll be lucky to have growth back at zero by the end of the year,” Kenneth Rogoff, a Harvard University economics professor, said...

2 comments:

Glynn Kalara said...

2009 is going to bad real bad. 2010 will be worse. So many people will be out of work and so many businesses will fail by 2010 that all the Gov't will be doing in 2010 is praying it can hold the line.

Jim Sande said...

I am inclined to think that its going to get real tough. Its interesting that the goal post is now being moved to 2010 and Obama is talking many years.

What a mess huh.