Ask 10 economists what the trend is and get 10 different answers.
The predictors are lousy because the government numbers being published are mostly lies. They claim unemployment is down because they adjusted the base line. The truth us more people are out of work than ever before. Credit is still tight. Another wave of foreclosures is coming. There is no turn around. You would never know it listening to O and his cronies
The federales also say that inflation is low, because the federales adjusted the components to ignore the costs of energy and food. Or maybe it was energy and housing, whatever. But I have a question that's been on my mind- what is a good index to use to get an idea of the real decline in the value of the US dollar? Forget the gov't number on inflation, because of the afore-mentioned rejiggering. Gold has it's own life, and ups and downs. Maybe some commodity index? Anyone have any ideas?