October 14, 2008

The Best We Can Hope For

If, in fact, the latest rescue plan (is it number three or four?) gets money flowing again and re-establishes faith in the banking system, then our daily fretting will shift from 'which bank will fail today?' to 'how bad is the recession going to be?' We can focus on earnings, consumer spending and employment - all of which may continue to decline for awhile.

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