As I'm still playing with all of my loot that I got from Santa this year I don't have much time to blog. I did find this article in USA Today over the weekend however and thought you'd find it interesting. I'll be back to the 'real' world soon..........see ya in 09'!
How Long Will the Economic Plunge Go On?
It may come as a surprise, but the U.S. economy is expected to emerge from the recession sometime around mid-2009.
Until that happens, the economy will remain mired in one of the deepest and longest downturns the nation has seen in decades.
If the recession continues past the spring, as many economists predict, it will be the most prolonged one since the Great Depression. Employers are expected to continue to shed jobs at a rapid pace. Consumers will pull back spending. Businesses will cancel equipment purchases. Unsold, empty homes will dot city blocks.
Once the massive amount of fiscal stimulus currently being crafted by lawmakers and aggressive action by the Federal Reserve kicks in, the economy is expected to improve, according to several economists and business owners.
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