Retail Sales: Still No Signs of Life
Conventional Wisdom tells us that deep recessions can be followed by strong rebounds, with some sectors enjoying big boosts. But, warns ITG’s Chief Economist Bob Barbera, even if automotive production rises 40% over the next year, it may still remain 25% below its 2006 level. And if residential investment rises a healthy 20% over the course of 2010, housing construction could still be at super-depressed levels.


