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10-28-2010, 09:19 PM #1
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David Levy: No Economic Recovery in Sight
David Levy: No Economic Recovery in Sight
Thursday, 28 Oct 2010 09:59 AM
By: Julie Crawshaw
David Levy, chairman of the Jerome Levy Forecasting Center, says there’s no economic recovery in sight.
The problem, says Levy, is that everyone’s saving rather than spending — and the combined deleveraging by consumers, banks, businesses, and state and local governments is hobbling the economy.
Instead of recovery, “domestic profits eroding, corporate earnings becoming increasingly disappointing, and a 60 percent chance of a recession in 2011â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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