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Overnight Open Thread

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lawhawk4/30/2010 7:20:23 am PDT

re: #262 Killgore Trout

It’s actually mixed news, because the seeds of a prolonged economic doldrums are all over the place, primarily because the real estate market is still hobbled. Since a significant portion of American wealth is tied to real estate, until real estate markets stabilize and start to appreciate (or at least get to breakeven for the millions finding themselves underwater), spending is going to move up far slower than previous recessions. It also means that unemployment will continue lagging - and business growth wont recover as fast because demand wont come nearly as fast as in prior recovery periods.