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 ...
Didn’t Herbert Hoover and FDR say this from 1930-1941?
So, impeachment in September, eh?
And dips right back into recession in 2010 as inflation starts to set in from all this printing they’re doing.
I think these economists are idiots. Everyone learn the word “stagflation”. We’ll be hearing it a lot in 2010.
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’...
but but but but Obama said this was going to last like 5 yrs
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?
“Prosperity is just around the corner.”
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.
What year?
September is the carrot on the stick, next month it will be October, then November, etc. etc...
Prosperity in our time.
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.
September is the carrot on the stick, next month it will be October, then November, etc. etc...
Economists are the most unreliable group when it comes to crystal ball gazing.....
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
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!)
Exactly. Just like weather prognosticators tell you it will rain tomorrow and yet sunny weather prevails.
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