Downgrades come in twos.

More downgrades here. Thanks to the venerable Dr. Rothman for alerting me to this piece.

Not a pretty picture.

Double Dip? I doubt it.

http://blogs.wsj.com/economics/2010/07/19/guest-contribution-double-dip-seven-reasons-why-not/?mod=djemRTE_t

Don't look for recovery until this turns around.

And I don't mean by spending on winterizing your house or "pimp'in" your ride.

No, consumers are not overleveraged. Look at the disaggregate data by income quintile.

From our friend Dr. Rothman:
Maybe consumption will rebound quicker than we think?

http://ftalphaville.ft.com/blog/2009/12/01/86186/false-idols-are-us-consumers-really-over-leveraged/

Recovery not on the horizon.

http://online.barrons.com/article/SB125869502873557185.html

Dr. Rothman hits the bull's eye.

My colleague and friend Phil Rothman has started forecasting the weekly unemployment insurance claims numbers at the web site below. As he explains, the last six recessions have ended within 8 weeks of this series reaching its peak. This is a site worth keeping a close eye on...if this relation holds up, you'll know the recession has bottomed out and recovery has started here first.


http://core.ecu.edu/econ/rothmanp/ui_forecasts.htm

Bottom? Maybe? Recovery...oh baby are we in for it.

http://www.usatoday.com/money/economy/2009-05-07-slow-us-economic-growth_N.htm