The Revised Jiblog Economic Outlook

I'll admit it. In the third and fourth quarters of last year, I was hoping for a 1982-esque economic downturn. If it had leveled off, I was confident we'd start to rebound in the second half. After watching the economic news of the past few weeks, I've become certain that we've got a couple of rounds of downward cycling to go yet. The quantities of layoffs is such that I can't fathom any substantive rebound until the second half of 2010 at the earliest. Hold on to you seats, my friends, and if you haven't already, starting showing your superiors at work how important you are and how much more important you can be in a downsized company.