Monday, February 9, 2009

Prediction: Economic recovery a few months away

From the Columbian:

Portland economist Bill Conerly predicts the beginnings of economic recovery for the U.S. in the second quarter. That’s sooner than some more pessimistic prognosticators, but Conerly expects a 1 percent growth rate in the nation’s Gross Domestic Product in the three months starting in April and an increase to about 3 percent by year’s end. However, he said, “We won’t feel normal for another year.” Conerly sees stock markets to turn upward soon as they anticipate a recovery, but “they don’t always do what they should,” he said.
I would give anything to see the market turn up but I don't see that happening in the foreseeable future.