I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”
Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.
Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”
And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.
Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”
