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VITNER'S OUTLOOK: DISMAL
October 25, 2011
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We're two years into the alleged economic recovery and there's still a considerable amount of uncertainty regarding sovereign debt issues in Europe, the federal budget deficit, and the US housing sector, Wells Fargo economist Mark Vitner tells us. (Mark spoke recently at a breakfast at Winthrop University's College of Business Administration.) Job losses exceeded every post-World War II downturn and the modest recovery to date has been?extremely disappointing,? he says. |