The U.S. economy isn’t likely to recover until “well into 2010,” Wilbur Ross, chairman and CEO of WL Ross & Co., said Monday.
By Daniel at 29 June, 2009, 10:15 am
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“The consumer still has not been rehabilitated” and that’s the big problem halting the return to growth, given that the consumer used to be almost 70 percent of the U.S. economy, Ross told “Squawk Box.”
It’s doubtful that the government’s stimulus package will boost growth anytime soon and called for the White House to the renew the Term-Asset Backed Securities Loan Facility (TALF) program as it expires in coming months.
… and there you have it. The preview of all future going forward signs of better / less than expected unemployed consumer non-spending factory idled % tied to zero growth projected Green Shoots for 2009 now moving into the … 2010 Twilight Zone of Fire! 
Dr. Panik
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