A few of the things Summers said on Fox News today:
"Six or eight weeks ago, there were no positive statistics to be found anywhere. The economy felt like it was falling vertically. Today, the picture is much more mixed..."The idea is that the economic free fall now has a tiny parachute.
"I suspect the economy will continue to decline for some time to come..." source
There you have it, one year to go.
Reuters: Nikkei rises 0.9 pct on U.S. economy hope, Wall St
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