Wednesday, August 20, 2008

US Downtrend To Last For A Couple of Years?

Said on CNBC website.

  • Could Last 'A Couple Years'

    "I think we're stuck in a downward channel for a couple years," says Chris Orndorff, head of equity at Los Angeles-based Payden & Rygel. "This process of deleveraging that's occurring is a very significant headwind for the economy. It's going to take a while for the banks to right themselves."

http://www.cnbc.com/id/26289118

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