Monday, February 23, 2009

Dreamland

WASHINGTON (Reuters) – The U.S. economy is set to contract sharply in the first quarter, with the current cyclical downturn on track to rival the 1973-75 slump as soaring unemployment depresses demand, a survey showed.

However, a survey of 47 professional forecasters released by the National Association of Business Economists on Monday predicted the recession-hit economy would begin to recover in the second half of this year, returning to a potential growth trend in 2010.

http://news.yahoo.com/s/nm/20090223/bs_nm/us_usa_economy_survey_4

By 2010, you'll see people eating each other.

Uh, the world lacks a functioning financial system.