How long will it take the economy to recover?

To me, the analysis that rings most true is the one I heard on the Diane Rehm show (WAMU, Washington) last week by Stephen Roach, Chairman, Morgan Stanley Asia. He said what we all instinctively know. The global bubble was driven by the American Consumer, and now, for all intents and purposes, the AC is finished. It'll be a long time before this sorts itself out, says he. You can listen to the broadcast by clicking on his name above.