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US: Story Continues − No Bright Light Marking the End of Sub−Par Growth

Tue, Sep 23 2008, 10:13 GMT
by John Silvia

Wachovia


Following up on our mid-year report, benchmark indicators do not suggest an early end to the sub-par growth experience in the U.S. The housing/credit market correction continues to roll ahead with implications for jobs, production and monetary policy. There is no easy-out for financial markets with the Fed likely to remain on hold.

Wachovia Corporation  | P.O. Box 025383 Miami, FL 33102-5383
http://www.wachovia.com | sam.bullard@wachovia.com

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