You know it’s bad when….
The dismal scientists are getting downright depressing these days, but at least they haven’t lost their sense of humor.
Research desks are churning out annual outlooks for 2009, and needless to say they’re gloomy. But Wachovia‘s economics team has taken dark to a whole new level with an Alfred Hitchcock-inspired report entitled “When will this horror show come to an end?”
“Watching the developments in financial markets this year was like squinting through closed fingers during the iconic shower scene in Alfred Hitchcock’s 1960 thriller, ‘Psycho’. You could almost hear the soundtrack of screeching violins during televised financial news, and this time it was your assets going down the drain.”
We’ll cut the suspense: Wachovia thinks the U.S. housing market will bottom in the next year or so, but the economic recovery will be “agonizingly slow.”
So, what horror movie do you think best describes the 2009 economic outlook? Share your thoughts in the comments section below.