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Economists See a Rebound in September
WSJ ^

Posted on 04/10/2009 10:18:13 AM PDT by freed0misntfree

Economists in the latest Wall Street Journal forecasting survey expect the recession to end in September, though most say it won't be until the second half of 2010 that the economy recovers enough to bring down unemployment.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy
KEYWORDS: economy
So the economy recovers, but unemployment to get worse under Barry "the Snake" Soetoro. Change we can believe in???
1 posted on 04/10/2009 10:18:13 AM PDT by freed0misntfree
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To: freed0misntfree

Didn’t Herbert Hoover and FDR say this from 1930-1941?


2 posted on 04/10/2009 10:20:42 AM PDT by MuttTheHoople
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To: freed0misntfree

So, impeachment in September, eh?


3 posted on 04/10/2009 10:21:09 AM PDT by rickmichaels
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To: freed0misntfree

And dips right back into recession in 2010 as inflation starts to set in from all this printing they’re doing.


4 posted on 04/10/2009 10:22:23 AM PDT by farlander (Sic Semper Tyrannis)
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To: freed0misntfree

I think these economists are idiots. Everyone learn the word “stagflation”. We’ll be hearing it a lot in 2010.


5 posted on 04/10/2009 10:23:40 AM PDT by Big_Monkey
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To: Big_Monkey

In reading the ‘econometric’ reports, if the unemployment rate levels off to 280,000 for the next 9 months, there will be no job growth for the next ten years.
But that’s if you believe the ‘econometrics’...


6 posted on 04/10/2009 10:28:31 AM PDT by griswold3 (a good story is more compelling than the search for truth)
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To: freed0misntfree

but but but but Obama said this was going to last like 5 yrs


7 posted on 04/10/2009 10:29:06 AM PDT by myaccount2009
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To: freed0misntfree
Personally, I think that they are deluded.

The next round of adjustable mortgage resets in late 09 & 2010. We are currently in a lull.

The Escalator of Life Is Going Down
http://seekingalpha.com:80/article/126971-the-escalator-of-life-is-going-down-part-1

Also the 5 year balloons on Commercial loans which comprise 40% of the outstanding loans in America will come due shortly.

Seen any vacant commercial property lately?

8 posted on 04/10/2009 10:30:31 AM PDT by bill1952 (Power is an illusion created between those with power - and those without)
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To: freed0misntfree

“Prosperity is just around the corner.”


9 posted on 04/10/2009 10:34:48 AM PDT by rsobin
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To: bill1952
"Personally, I think that they are deluded.

Deluded, or intentionally misleading. I watch ABC Nightly News (I know, I'm an idiot). Practically every night there's a story about "possible signs of a recovery". The cheerleading for Barry is perhaps without precedent in American journalism. Compare this to the countless stories from 2003-2006 about Bush's "jobless recovery".

The WSJ journal piece, at least to me, is very suspect because apparently none of these economist are giving any consideration to the massive, historic government spending as a percentage of GDP. In fact, the word deficit doesn't even appear in the article. We've got historic levels of spending married to the largest tax increase in American history. This is not a combination that indicates a favorable economic environment.

10 posted on 04/10/2009 10:43:20 AM PDT by Big_Monkey
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To: freed0misntfree

What year?


11 posted on 04/10/2009 10:49:19 AM PDT by boomop1
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To: boomop1

September is the carrot on the stick, next month it will be October, then November, etc. etc...


12 posted on 04/10/2009 10:53:20 AM PDT by inpajamas (Modern progressive liberalism is merely fascism without balls - http://skarbutts.wordpress.com/)
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To: rsobin

Prosperity in our time.


13 posted on 04/10/2009 11:02:09 AM PDT by Sig Sauer P220 (Leave no authority existing not responsible to the people ----- Thomas Jefferson)
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To: Big_Monkey
The WSJ journal piece, at least to me, is very suspect because apparently none of these economist are giving any consideration to the massive, historic government spending as a percentage of GDP.

Actually, the forecast of an end to the current recession is consistent with the most interesting longer-term forecast I have seen - that we'll get a double-dip recession, with the second recession hitting next year as all that spending and creation of money nails us with bad inflation.

14 posted on 04/10/2009 11:03:50 AM PDT by dirtboy
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Comment #15 Removed by Moderator

To: inpajamas

September is the carrot on the stick, next month it will be October, then November, etc. etc...


Federal Reserve Chairman Ben Bernanke who was hired by President Bush has long said that he believes that the recession will end in December. The economic dynamics of the normal business cycle moving into recovery in an economy as massive as ours will overtake any fiddling that politicians in Washington can accomplish.
Unemployment/employment is a lagging indicator. People being hired back from layoffs happens after a recession ends.
Obama’s future rides on the state of the US economy in the second quarter of 2012 not in 2009 or 2010. No one can accurately predict today what will be going on then.


16 posted on 04/10/2009 11:09:46 AM PDT by jamese777
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To: freed0misntfree

Economists are the most unreliable group when it comes to crystal ball gazing.....


17 posted on 04/10/2009 11:22:14 AM PDT by AngelesCrestHighway
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To: freed0misntfree

Economists also praise free trade with Communist China and illegal alien amnesty...so I put little stock in the liberal WSJ making such economic projections


18 posted on 04/10/2009 11:28:13 AM PDT by UCFRoadWarrior (The Biggest Threat To American Soverignty Is Rampant Economic Anti-Americanism)
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To: jamese777

You’re talking about OBAMAMORON’s future yes. But the economic climate in the 2nd and 3rd quarter will dictate whether he’ll have his co-conspirators in Congress from ‘11 on, to rubber-stamp his continued efforts at destroying the “free market” economy (or the dregs that are left of it by then!)


19 posted on 04/10/2009 11:34:46 AM PDT by RocketMan1
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To: AngelesCrestHighway

Exactly. Just like weather prognosticators tell you it will rain tomorrow and yet sunny weather prevails.


20 posted on 04/10/2009 11:36:03 AM PDT by RocketMan1
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To: freed0misntfree

The Soros Network succeeded in convincing everyone that this economy is much worse than it really was, to ensure the election of Obama. Things are proceeding according to plan. Soon the economy will rebound, and Obama will be re-elected in a landslide, with vast powers to remake America under the Socialist mantle.


21 posted on 04/10/2009 11:39:39 AM PDT by FreepShop1 (www.FreepShop.com)
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To: rickmichaels

September of what year?


22 posted on 04/10/2009 11:39:50 AM PDT by mulligan (A)
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To: freed0misntfree
Notice the uptick before the 1929 crash.

23 posted on 04/10/2009 11:42:50 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: MuttTheHoople
Didn’t Herbert Hoover and FDR say this from 1930-1941?

Yes and any fool that thinks there is a market for fourteen million homes and construction is going to start booming again in six months is worse than a fool.

24 posted on 04/10/2009 11:46:57 AM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: bill1952
Seen any vacant commercial property lately?

What's the old saying about it's everywhere, it's everywhere.

25 posted on 04/10/2009 11:50:23 AM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: MikeWUSAF

I would bet we exceed the 34 months.


26 posted on 04/10/2009 11:52:14 AM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: org.whodat

You know, I haven’t started “stocking up” on provisions just yet but am very close...

I just don’t see any long-term job creation in our future.


27 posted on 04/10/2009 12:05:49 PM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: MikeWUSAF
USA today says current number is 1 in 9 homes empty. Now unless you have a magic wand, it will be a long time selling them since for years the annual number of new homes was about 144,000 per year.

Consider the demographics of the population and the custom build market and there is a lot of very deep doo doo out there.

28 posted on 04/10/2009 12:10:30 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: dirtboy
"we'll get a double-dip recession"

Just like Baskin Robbins! Make mine a triple dip, with a cherry on top.

You are undoubtedly correct that it will be at least a double-dipper.

All these so-called economists are doing, is looking at the classic leading indicator; the stock market. They are counting six months out and "forecasting" an economic rally, just like the current stock market rally.

Just like the market, where some companies are doing well and generating increased earnings, some parts of the economy will recover as well. As a result of that, the Kenyan and his congressional moonbats will endeavor to suck the blood out of those sectors with massive regulation/manipulation, and the economy will tank again. And again. And again. Until we all "work" for the government.

Unless we can figure out a way to overcome the vote fraud.

29 posted on 04/10/2009 12:20:40 PM PDT by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: org.whodat

Yeah. And I have a feeling that there is going to be a lot more by 2011.


30 posted on 04/10/2009 12:22:35 PM PDT by bill1952 (Power is an illusion created between those with power - and those without)
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To: RocketMan1

You’re talking about OBAMAMORON’s future yes. But the economic climate in the 2nd and 3rd quarter will dictate whether he’ll have his co-conspirators in Congress from ‘11 on, to rubber-stamp his continued efforts at destroying the “free market” economy (or the dregs that are left of it by then!)


I’m remembering that Clinton lost Democratic control of Congress and still got reelected by a larger margin in 1996 than in 1992 in spite of the Lewinsky scandal. I don’t count my chickens before they’re hatched.


31 posted on 04/10/2009 12:23:45 PM PDT by jamese777
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To: ChicagahAl
The fools miss read the bank income data the other-day, it told me increased bank income meant more people were living off of their credit cards.
32 posted on 04/10/2009 12:33:36 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: freed0misntfree

By the same economists who didn’t foresee the collapse of the housing bubble, the liquidity crisis, the stock market crash, the recession, soaring unemployment, economic decoupling was a lie... Sure I believe ‘em. Suuuuuuuuure.


33 posted on 04/10/2009 6:22:37 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 55... 54... 53...)
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