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 . . ."