The economy right now is kind of like a bad pile up on the freeway, said President Steve Wells of Los Alamos National Bank. How bad it is depends on where you are.
If you’re in that 100-car pile up it’s bad, he said. For drivers towards the rear of all the backed-up traffic, they’re probably complaining like heck. But for those drivers closer up, they can actually see what happened and understand it a little better.
Others watch the pile up all day on TV, Wells said, and the news these days is like watching every pile up in the world.