That bright side some see for the economy may be too bright

Schlottman, Alan
April 2009
Las Vegas Business Press (10712186);4/13/2009, Vol. 26 Issue 15, pP26
The article discusses a couple of wild cards that may signal a worse outlook, along with the economic forecast of the Theodore Roosevelt Institute for Nevada for 2009. The institute is concerned that the recession in the state will be longer than normal. The author says the recession started with corporate sector spending cutbacks. He mentions that households' debt service ratios are about 25% higher now than they were in 1980. Data for the financial sector indicates that credit and lending are still a real mess.


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