~ Interesting article by former MP Garth Turner. While his outlook is bleak, we can start seeing a recovery about three years from now.
Economic Update
Recently I posted that the economy will get better. The road back will be led by the stock market, and the rally will be spectacular. Things, I said, will change in days, not months.
This will happen. But jobs, real estate, consumer spending and family finances will take years to catch up.
You see this today and will again Tuesday. Things are getting damn awful, which will lead us closer to the bottom of an abyss that must be plumbed prior to any recovery. This final leg down will be numbing and difficult. Hang on.
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