Yes, I do think it will still be a year or more before we start to see the economy turn around. I'm hopeful that we'll start to see more pronounced improvements in several areas. One is increased technology spending. Another is more growth in travel and entertainment spending, because corporations need to get out there and grow their business, and they need to travel and spend. I'm also hopeful that affluent customers who have the capacity will start to spend more. We just did a survey of some of our credit-card holders, and only one of four felt that the worst of the recession was over. That's just perception, but it's important. We then asked, "If you found $500, how would you spend it?" They said they'd pay off regular bills and pay down debt. On the positive side, 60 percent said their spending will remain the same or will increase. Young professionals were the most optimistic and said, "We think we'll start to spend more on discretionary items, like smart phones and vacations." So at least some attitudes are starting to change. Nonetheless, I feel it will take a year or so before these types of attitudes become widespread.
