The Economy: It’s going to get worse before it gets better.

A study of history by two academic types; Carmen Reinhart (U. of Maryland) and Ken Rogoff (Harvard) strongly suggests that this boondoggle of an economy is going to get worse (quite a bit worse) before it gets any better.

 

12-15% unemployment…could be…home prices down another 20-25%…very possible…stagnant growth or continued recession…most likely…

 

Those of you into bad news are welcome to read their conclusions.

 

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