During the University of Illinois' Farm Economics Summit, economist Paul Ellinger didn't exactly spread holiday cheer.
Ellinger was the last speaker during the sessions, which were held in various Illinois locations last week. Ellinger spoke about the recession, essentially saying that hey, we're still in trouble here.
He started by pointing out the unemployment rate, which fell to 10% in November. However, it's still at 10%! In November 2007, it was 5.3%. Ellinger also pointed out that…