Clowns to the left of us… Jokers to the right… The Simpleton’s Analysis: Consumers cut back. The economy sank.

An article on Bloomberg reported that US Treasury Secretary Timothy Geithner said, “The US unemployment rate may not peak until the second half of 2010, even as the broader economy shows signs of improvement.”

If the pattern of the ’30s holds, we won’t see the stock market bottom until 2011.

One of the follies of the Bush administration was the notion that the class of money-shufflers who got us into the credit crunch could somehow be trusted to get us out of it.  Which is what makes the Obama administration such a breath of fresh — oh, wait, never mind.