Somehow our economy is going to grow 3% and not produce new jobs until the middle of 2010 according to some big deal economists.
Can we trust this, I think not, but on the other hand all we really do is hang on as the roller coaster moves with or without our consent.
This CNN article is actually positive in its overall projections.
CNN: Economists bullish -- but not about jobs
...48 top forecasters now expect the economy to grow at a 3% annual rate during the last three months of this year, up from their prediction of 2.4% growth in October.
...the economists surveyed were slightly more optimistic about a recovery in housing and the likelihood that consumer spending would increase. They were also more bullish about the stock market, forecasting that the S&P 500 will reach 1,199 at the end of 2010, a gain of about 10% from Friday's closing level.
3 comments:
Great photo!
I'll bet that sucker moves!
Guiness book, world largest canoe or some such thing.
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