Grim Outlook for 2009What’s the outlook for 2009? According to economists surveyed by Bloomberg US consumer spending will drop by the most since the 1940s and the unemployment rate will reach its highest levels in 25 years. The Federal Reserve will cut the benchmark interest rate to 0.5% because unemployment will soar to 8.2%.Household spending will drop by 1% the biggest decline since the attack on Pearl Harbor. In all America's GDP is expected to contract at a rate of 2.4% in the first quarter of 2009 and 0.5% rate in the next.For more see Toddo’s What’s Next For Wall Street? ...