Monday, February 09, 2009

"The Economy's Getting Smaller"

For good.
Asset deflation, consumer spending, retail stores, autos, Wall Street, media, pharmaceuticals.

"What is the sum total of all this? The US GDP will contract 4-6% 2008 Q4 - 2009 Q2; Down 1-3% for the second half 2009; And is possibly flat in 2010 –Back in 2001, we had forecast the US Economy could hit $15 Trillion by 2010-11; That now gets pushed back to 2015-17 . . ."

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