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Friday, March 19, 2010

Economist: Worst is over, but still pain ahead

I'm not sure that I quite agree with this...........

ATLANTA—The festive nature of St. Patrick’s Day provided a perfect backdrop for economist Rajeev Dhawan on Wednesday during the opening session of the 22nd annual Hunter Hotel Investment Conference.


“A simple fact of life is that all hangovers are lousy,” Dhawan said as he explained the current global financial situation to the hotel-industry executives in attendance

Dhawan, the director and associate professor of the Economic Forecasting Center, J. Mack Robinson College of Business at Georgia State University, said the overhang of toxic debt in the banking system will continue to be a headache for economies worldwide, and the United States might be one of the lead dogs on that runaway sled.

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