One Response to Perkypants alert!

  1. Sue Sat, Mar 21, 2009 at 8:31 am #

    “Meanwhile, Hoey does not see a major rebound in housing prices in 2009-2011 and expects prices to linger at depressed levels for some time to come.

    “Unemployment rates are going to worsen around the world, with the U.S. reaching 9-10% versus Hoey’s previous projection of 8.5-9%, he said.

    So … there’s going to be a recovery, except for that pesky consumer component?

    How will the economy recover, without the consumer spending?