The U.S. economic contraction in the fourth quarter was deeper than the government first estimated, with other reports today signaling little prospect of relief until at least the middle of 2009.More pleasant headlines here, just for a rainy Saturday.
Gross domestic product shrank at a 6.2 percent annual pace from October through December, the most since 1982, the Commerce Department said today in Washington. Separate figures showed consumer sentiment and business activity dropped this month.
The comment that no relief possible "until at least the middle of 2009" is hilarious.
I'd say add 10 years: 2019.