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Commentary Topic from greenfaucet

What Letter Shape is the Recovery?

Lawrence Lindsey (former National Economic Council Director) gets its right. You should play this clip once and then play it over again. He puts a dagger in the "V" shaped recovery scenario for the same reasons that I do. He rather optimistically predicts the economy will have a "U" shaped recovery. He and I agree however, that since real incomes are down, credit is tight and job growth is non-existent there can be no strong and lasting rebound.