LBX

Are we there yet? "When we do hit the bottom - this year or years from now - how will we know?"

A long way from the bottom.

The unwinding of the bubble is still taking its time, with many corporations holding onto people when they should be terminating them to match costs with demand.

The second shockwave, in the form of a return to higher commodity prices, is just beginning.

Perhaps in another 3 years, there will be a bottom that is conclusively established.