Forget an V-shaped or W-shaped recovery, George Soros told Reuters televsion yesterday that the recovery will look like "an inverted square root sign." "You hit bottom and you automatically rebound some, but then you don't come out of it in a V-shape recovery or anything like that. You settle down—step down," said Soros.
Actually, it will probably look more like a bent fork recovery. The economy will go up first, then turn down and splinter into stagflation, with worsening inflation, worsening unemployment and an overall worsening economy.