nothings changed much from march outside a 65% stock mkt run.shorts got the fuck job of a lifetime but i can see another big leg down soon as reality sets in GE's Immelt warns US recovery slowest in decades GE's Immelt warns less lending, high unemployment to drag on US economic recovery By Alex Kennedy, Associated Press Writer On Tuesday September 29, 2009, 8:21 am EDT SINGAPORE (AP) -- General Electric Co. chief executive Jeffrey Immelt warned Tuesday that high unemployment and slower lending will drag on U.S. economic growth, likely resulting in the weakest recovery in decades. There are reasons to believe that this recovery could look different from ones in the past," Immelt said in a speech in Singapore. "There's not a lot of confidence that it's going to be great." Immelt suggested the world's largest economy could be facing its slowest recovery from a recession since before the 1970s as increased government regulation and bank consolidation pinch off available credit. Joblessness, which reached a 26-year high of 9.7 percent in August, will also weigh on growth by undermining consumer spending, he said. "Easing up money has always been the elixir to keep the economy in recovery mode," Immelt said. "But once you get interest rates to zero percent, you can't go much below that, which is kind of where we are right now."