The Recession Will End… When Google Says So?

by SixFigureStart | October 20, 2009

  • My Vault
Says who: Eric Schmidt, Google’s chief executive

"While there is obviously a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us… So we’re very optimistic now about the future. We now have the business confidence to invest heavily in the next phase of innovation, hoping to invent the future as we see it." (via SeekingAlpha)

Why he might be wrong: For the 15.1+ million Americans facing the most challenging job market in decades and struggling daily, with limited to no income to pay for food, lodging, and health care expenses, the worst is far from over. With unemployment rate expected to grow above 10%, it’s almost impossible to agree with Schmidt when he says the worst of the great recession is over. [Read more]

--Posted by Marie Wiltz, RecessionWire.com

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