You think the economy is past the worst?
Not to be TOO pessimistic, but I'm not the only one who thinks we are in a W shaped recovery, (in honor of George W), and we are near the center of the letter. All I can say is, pretend you are a Boy Scout, and BE PREPARED!
Reason #1: Dramatic loss of wealthReason #2: The jobless recoveryReason #3: Consumers are afraid to spend moneyReason #4: Changing consumer attitudesReason #5: The credit crunch will continueReason #6: Excess capacityReason #7: Businesses aren't spendingReason #8: Uncle Sam can't bail us outReason #9: The Fed can't do it eitherReason #10: Take a good look around
Reason #1: Dramatic loss of wealthReason #2: The jobless recoveryReason #3: Consumers are afraid to spend moneyReason #4: Changing consumer attitudesReason #5: The credit crunch will continueReason #6: Excess capacityReason #7: Businesses aren't spendingReason #8: Uncle Sam can't bail us outReason #9: The Fed can't do it eitherReason #10: Take a good look around
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