He's one of the good guys on CNBC, but c'mon. It's not remotely going to until 'consumers' consume again. And that's not remotely happening.
Why oh why is the consumer (ad nauseum 70% of the economy) gonna suddenly 'rebound' and miraculously spend and load up on debt and party on?? Not.
But mundane (and tragic) stuff on Main St is completely missed by the cheerleaders on CNBC. See unemployment rate, housing collapse, equity collapse, wage stagnation, college costs, insurance costs, etc...
We need a sensible business network. And not FOX, god knows.
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