US Recession May Carry over Until 2010

In recent weeks I made the case that the conventional view that is forming with respect to a second half 2009 turnaround for the US economy is overly optimistic. Below are a couple of interviews with people that carry a lot of weight in the economics and investment community.

Digging Out of the Recession
The first is Martin Feldstein, who I have talked about here on numerous occasions, he is of the view that we will be lucky to have seen the bottom of the current recession by this time next year.

The second interview below is a short clip with Wilbur Ross who thinks the notion of a second half recovery in 2009 is wishful thinking. Click the images to watch the clips.


Parting Shots