Jul 19, 2010

The Optimists’ Delusional Hopes For A Rapid V-shaped Recovery Evaporate

So, as the optimists’ delusional hopes for a rapid V-shaped recovery evaporate, the advanced world will be at best in a long U-shaped recovery, which in some cases – the eurozone and Japan – may be long enough to stretch into an L-shaped near-depression. Avoiding double dip recession will be difficult.

in seeking alpha