Citing New Stimuli, Economists Forecast A Second-Half Rebound

The Wall Street Journal ^ | July 3, 2003 | Joh E. Hilsenrath

[BOBTHENAILER]

NEW YORK -- Massive fiscal stimulus, in the form of tax cuts, and improving business profits should lead to a long-awaited economic rebound in the second half of the year, according to 54 economists surveyed by The Wall Street Journal.

[Coop]

FR only focuses on the positives, never the negatives.

ROTFLMAO!!!!!

Oh, my side!!!

Stop it!! You're killing me!

I guess you just never seem to run across Wilie Green's countless Corporate Layoff posts, or all the doom 'n gloomers here even on this thread.

By the way, unemployment is a lagging indicator, FWIW.

[Jorge]

I guess you just never seem to run across Wilie Green's countless Corporate Layoff posts, or all the doom 'n gloomers here even on this thread.

Please don't remind us...Perhaps they'll next cheer us up with news of mass suicide.

[BOBTHENAILER]

Not to mention high speed limits, "shall issue" CCW, Republican House, Senate, and Governor

Ain't it amazing what a Republican Administration does for a state?

[Fyscat]

I dont try to ignore positve news, the problem is that there is so little of it. And when good news does come, everybody seems to think its the end-all. And then several weeks later that good news gets wiped out; such as unemployment numbers. (May's payroll losses were revised to 70,000 from the 17,000 first reported). What gets me is that most freepers are just waiting for the late 90's to come into the markets. You poeple are dreaming. Economic cycles can not be denied, only delayed. The real crush has yet to come. Need proof, look at how the derivatives have exploded in the last year. IT IS a time bomb waiting to happen. You can only play the numbers game for so long, regaurdless where it started.

[BOBTHENAILER]

Love your bumps.

[MonroeDNA]

You bet!

Business is booming here, too. :)

[BOBTHENAILER]

Whose side do you want your clients to be on?

I'm no expert and certainly wouldn't advise ANYONE on whose side to be on, I just post 'em like I like to see 'em.

I'm way up this year and I didn't do it shorting.

[BOBTHENAILER]

PEOPLE are too vain and there is not enough stigma of shame anymore to enduce them to jump

You're probably right........seeing them slink out the headquarters would be good enough for me.

[MeekOneGOP]

Thank you, sir !

[willa]

Last year my company laid off 20 percent of the workforce second layoff in a 100 year history. I am now on a four week "vacation" - forced furlough. It may go longer.

My husband got the news that there will be no bonus or raise - second time in 25 years. The first was in the first year of business. They also have downsized considerably over the last two years.

I really believe that the chickens are coming home to roost due to careless government fiscal policies such as massive indebtedness, socialistic intitlements and foolish trade policies. I don't see a reason why the economy will substantially improve. Do you? If so - what?? Tax cuts with increased spending?? I dont think so.

I think that there are a lot of people on here who are so worried that the economy will hurt the election of GW that they will not face the reality of what is happening to our once strong country.

Give me a reason for optimism.

[rwfromkansas]

Well, Willie Green of course.....lol.

What I mean is that the positives get placed in Breaking News.

Sure, I am sure somewhere besides breaking news there is an article with 5 comments about unemployment going up.

[BOBTHENAILER]

Give me a reason for optimism.

In your individual case and opinion about "our once strong country", I can't help you there.

The article I posted indicates the "general" economy is improving. Naturally all companies are not the same.

Are you implying your particular situation is Bush's fault? I don't think so.

[willa]

"Are you implying your particular situation is Bush's fault? I don't think so."

My particular situation is not unique. Most of the people that I talk to cite very similar situations where they work.

As far as it being bush's fault - I blame ALL of them for spending us into bankruptcy. Bush is no exception. There is no real plan to cut spending and lower our tax obligations. You get a tax cut one day (I didn't qualify) and then the next day you are hit with the obligation of paying for free perscriptions for millions of people. There is no consistancy. Where is the money supposed to come from? The republicans and dems passed this. Bush applauded it.

When I see responsibility and sense coming out of DC then I will have optimism.

[Tauzero]

"What's up with that? It's morning in America."

Yeah, and what's up with those insiders, who supposedly know their businesses well? They're selling $37 of stock for each $1 they're buying! The heaviest insider selling in at least 10 years! Morons...

</sarcasm>

[Tauzero]

"I think that there are a lot of people on here who are so worried that the economy will hurt the election of GW that they will not face the reality of what is happening to our once strong country."

No kidding.

It ain't GW's fault really, but he'll get blamed anyway.

[G-Man 1]

With masive amounts of jobs going overseas and uncontroled immagration into the country, I don't see where government stimulus is going to help very much.Soon there won't anyone able to buy any of this imported crap. When the average wage is down to 1.00 an hour you will see jobs returning to this country.

[Coop]

Well, Willie Green of course.....lol.

Fair enough, then. :-) "Breaking News" does tend to lately highlight the more positive aspects, yes. But there's plenty of good and bad economic data floating around here - enough to make one's head spin.