Bottom line is a no brainer. ITS THE ECONOMY, STUPID!
Exactly. The question remains to be seen if this is a "normal" downturn and by 2011-2012 the economy will have picked up again or if this is a structural shift and 7-8% unemployment is the new full unemployment number.
"When the snows fall and the white winds blow, the lone wolf dies but the pack survives."
Winter is Coming
Now this is the Law of the Jungle—as old and as true as the sky; And the wolf that shall keep it may prosper, but the wolf that shall break it must die.
As the creeper that girdles the tree-trunk, the Law runneth forward and back; For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
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