Terry Taylor and I attended an all day event at the Federal Reserve in Chicago last Friday. It was an all day event in which there was not a lot of good news! Some takeaways: "The worst is to come." "The earliest we can expect the economy to bottom out is 2nd half of 2009." The two indicators to watch for a sign that the bottom has been reached? 1. Stabilizing of home prices; and 2. Level or improving Consumer Confidence.
How about those Badgers and Packers this past weekend!
Be kind and laugh alot!
