Sunday, January 4, 2009

Economic Recovery Does Not Look Good

The idea that the U.S. economy is going to recover in the next six months is given little credence at a gathering of top academic economists over the weekend.

A pickup sometime after June is still the Federal Reserve's quasi-official forecast. And leading institutional forecasters surveyed by the Blue Chip Economic Indicators are optimistic.

But that forecast seemed woefully out of touch to many experts who spoke at the annual meeting of the American Economics Association.

One expert said he was worried that current programs are simply keeping the financial sector on life support and did not seem to curing the underlying problems.


[from - Top Stories – Sponsored by: CyberTrader]

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