wwwPosted Sep 19th 2009 10:00AM by Michael Shulman
Filed under: Forecasts, Economic data, Recession
Without consumer spending picking up drastically, the economy is facing a W-shaped recession/recovery -- not a V-shaped one.
We are currently climbing the second leg of W due to rising expectations about the economy. But the economy is not improving -- it is just not declining as fast as it was.
This realization will likely hit Wall Street next month, sending the market back down.
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Reader Comments (Page 1 of 1)
9-18-2009 @ 9:27PM
Papa Dick said...
I think we have 10 out of the 10!
9-19-2009 @ 4:41AM
Homero Velazquez said...
I do not really believe that the recession is V or W shape.
It seems to me that it will be like an L.
US will have a mediocre behavior next 3, 5 years: it can´t be worst but also can´t be better
9-19-2009 @ 12:14PM
douttfire said...
"W-shaped recession" Give it a rest already. Bush has left the building! You can't blame him anymore! This is an "O-shaped recession" now. I just choose not to participate. IF the stock market crashes, which I don't expect it to, but IF it does, I have plenty of pennies rolled up WAITING for mutual funds to go ON SALE!! Keep investing, THAT is going to be what pulls us out of the recession. Not running around like Chicken Little with his head cut off.