Wilbur Ross: No Recovery Until 'Well into 2010'
The U.S. economy isn't likely to recover until "well into 2010," Wilbur Ross, chairman and CEO of WL Ross & Co., said Monday.
"The consumer still has not been rehabilitated" and that's the big problem halting the return to growth, given that the consumer used to be almost 70 percent of the U.S. economy, Ross told "Squawk Box."
