August GDP revised downward. Q3 GDP will be lower than Q2 (in fact probably negative), which was lower than Q1, which was lower than 09Q4. Unemployment still growing. S&P peaked in April. Leading indicators point down.
Porkulus, home buyer subsidy & cash for clunkers just robbed growth from the future, at huge cost in ballooning debt.
How low will the falling Dow take PFE?
How does an entity exist 67 years without learning anything at all about anything?
How can it remain as thoroughly ignorant of all subjects as the day its mom dropped it on its soft head?
Only through the misguided charity of guilty family members could it possibly survive in the real world.
Makes me wonder what Alan did study at UCLA, if anything at all, since underwater basket weaving would obviously be beyond the fumbling, bumbling, idiotic fool's abilities.
Alan learned nothing of accounting, math, statistics, history, science, philosophy or politics in college, or if the loon did, promptly forgot it all, same as the months the 10 year T bill spent yielding under 3%.
Here is an excerpt from that article:
Most economists expect growth to be similarly weak in the July-September quarter, with estimates ranging between 1.5 percent and 2 percent.
1.7% growth is "slow growth" but definitely NOT a recession. Similar is widely expected for Q3 and Q4.
You may hear terms like "growth recession" or "feels like a recession" but still - GROWTH of 1.5% to 2% is simply NOT a recession.
No surprise that you set more store in Kip's outdated summary of far fewer data than in just released studies by 12 federal bank zones.
How has that kind of analysis worked out for you so far, loser?
Wrong again, thirty thousand time loser!
Slow growth spreading across the country.
Will be lucky if this Q & next are even positive.
Nobody knows more about stock market history or has been more correct about its future path than Shiller.
Besides which, he is the world's leading expert on the housing market, & has been uncannily accurate.
Contrary to your absurd lie about all reputable economists, Wall Street firms rate double dip as 50-50, not just those cited here.
You know nothing, so simply lie to make yourself feel better.
It's simply ludicrous for you to attack your infinite superiors in this insane, childish, petulant manner, you have always been wrong about everything your entire miserable, worse than worthless existence.
Kiplinger thinks it will indeed happen.
I have a lot more faith in Kiplinger than the likes of someone like Roubini.
Shiller is a fine economist but he talks far more about the market these days than about the economy and on the subject of the market, he's rather a crackpot with his usage of ten-year average earnings. That just doesn't work for broad indices that include stocks that are NOT cyclical. His method is very very seriously flawed and most serious analysts on the Street simply refuse to accept them. Just like they don't accept GAAP.
Shiller should stick to economics which he knows and keep away from the stock market which he does not know.
These economists foresee 2% growth for last three Qs of this year, which implies almost no growth for Q4, given Q2 & likely Q3 numbers.
There was nothing at all in the article regarding 2% growth the last three quarters of 2010. Bof A though is apparently predicting 1.8% growth for 2011. Kiplinger is in the 2.5% to 3% area for next year.
BofA Merrill Lynch on Sept. 1 said the jobless rate will peak at 10.1 percent next year, up from a previous projection of 9.5 percent, with growth slowing to 1.8 percent for all of 2011, down from an earlier estimate of 2.3 percent.