Posted on 05/26/2009 9:31:32 PM PDT by Steelfish
Survey: Most Economists See Recession End in '09
By THE ASSOCIATED PRESS May 27, 2009
WASHINGTON (AP) -- More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy.
That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman Ben Bernanke and his colleagues.
About 74 percent of the forecasters expect the recession -- which started in December 2007 and is the longest since World War II -- to end in the third quarter. Another 19 percent predict the turning point will come in the final three months of this year, and the remaining 7 percent believe the recession will end in the first quarter of 2010.
''While the overall tone remains soft, there are emerging signs that the economy is stabilizing,'' said NABE president Chris Varvares, head of Macroeconomic Advisers. ''The economic recovery is likely to be considerably more moderate than those typically experienced following steep declines.''
(Excerpt) Read more at nytimes.com ...
Not if Bambi gets his way......
Most economists didn't see it start in '08.
My boss informed me it will be hectic when the economy takes off and the majors are behind the curve. We are staying positive.
Not if Bambi gets his way......
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No doubt about that.
The recession will end and we will decend into the depression!
what kind of business are you in?
Wow— the Times cheerleading for 0s economics plan.What a shocker.
The leftist majority successfully turning everybody into “political slaves” forever is not my idea of a very healthy economy!
Power Management.
The sun just plain comes up. Men who know their science know this. Economists know this.
Knuckledragging populists like to pretend there is no knowledge in such things, being conscious they have none themselves. But there is.
Recessions end, growth resumes, way of the world. No one's permission required.
Guess we’ll see, won’t we.....
So you think the economy would have been in the same position by 1984 if Jimmy Carter had defeated Reagan in 1980?
The over under is that the coming miracle is due to ton of paper being pumped into the humpty dumpty.
Which should result in happy hyperinflation like in 70’s
At which time they gurus are suppose to start yanking cash out of the market to prevent sever run away train.
This is the part no one has been able to do correctly. This magical yanking of tons of fake paper out there.
But hell what do i know.
Yes....Power generation/management I had heard was doing okay....
You read my mind...at that point we’ll be in a depression, so technically the Xperts are correct
Reagan certainly helped, especially on tax policy. But it was the Fed that killed the inflation. I don't credit Carter with that, but I do credit Volcker. And the underlying institutional strength of the United States, its experts and its commitment to merit and to pragmatism.
The inflation was going to die as soon as the men running monetary policy were committed to killing it and adopted a correct economic theory to do so. There was political resistence to that before the fact, but that resistence was destroyed by harsh reality before Reagan won.
"Experience is the school of mankind, and they will learn at no other".
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