Reuters: U.S. recession to bottom out this year: OECD
...recession will bottom out this year, but any recovery will be weak due to anemic markets and shrunken consumer wealth...OECD Secretary General Angel Gurria
...U.S. national output will contract 2.8 percent in 2009 but grow 0.9 percent in 2010.
3 comments:
Nice a jobless recovery? What kind is that? The only thing America produces now is weapons and poverty. Everything else is made in China Inc.
Here's a question for you.
Do you think these jobs that are getting cut are in part getting shipped over to China? I wouldn't put it past some of these guys to use the recession and the mask of huge job losses to take the leap and restructure their operations in China. I'm surprised I haven't read that anywhere yet. Because it has to be happening.
It is happening and nobody in the MSM media cares enough ( unless their jobs go west to even look @ it.) Many of the so called Green jobs are being out sourced to India etc. So much for the "new" green economy. It'll happen but not here.
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