- Think the economy is recovering? Think again.
Forget the noise and statistics thrown around by the politicos and pundits. We are not at the end of this recession — we are in the middle of it. This will not be a V-shaped recession and recovery, folks. It is a U-shaped one at best, meaning we have a while to go before things truly pick up. But, more than likely, we are dealing with a W-shaped recession, and we are near the end of the second leg … and then down we go. And even if the economy stays flat, the stock market will almost surely head back down when the Street realizes what a jobless recovery actually looks like.
So, while the statistics may point to an economic recovery this quarter or next, the real world will be feeling recession pains throughout 2010. Still not convinced? Here are the 10 reasons the economy will flat line or decline in 2010.
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