... until late next year. "Yes we have probably seen the worst ... but the shape of the recovery will look more like the Nike swoosh," meaning a gradual not sharp rise back to normal, said John Silvia, chief economist at Wachovia Corp.

... employers were still struggling to recover from the last previous recession. "We are certainly on thin ice," said John Silvia, chief economist at Wachovia. And even President Bush, normally a cheerleader for the economy, said there were ...

... confidence soaring, the consumer will lead us to the promised land," said Joel Naroff of Naroff Economic Advisors. John Silvia, Wachovia Securities' chief economist, said: "It will be a very good spring for retailers." Treasury Secretary ...