So the recession is over, what does that really means? It means that we have a long road ahead of us and that the after-effects of this recession will last for a long time to come. Unemployment will hit at least 10% and we will have to face the strong possibility of inflation and the effects of stronger regulations on the finance markets. Of course the government has already beat everyone to the punch with the "cash for clunkers" and other programs of this type, not to mention the countless loans that FHA has been writing in the last few months. Here is hoping for good things to come...
WASHINGTON (Reuters) - The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
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