(Note: Sue has dubbed me Mr. Perkypants over my optimism that the current financial crisis will lessen by 2010 – Bob)
Housing keeps going down and is not anywhere near the bottom.
Geithner plan will work only if the economy is hysterical and “what it really needs is a slap in the face to calm it down,” says Nobel-prize winning economist & professor at Princeton.
It’s been a simply dreadful year for carmakers. March didn’t help.
And … you’ve said Roubini is getting positively perkipants. How so?
U.S. stocks will fall and the government will natioalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis.