That Recession Still Hasn’t Materialized
And some economists are beginning to think that it won’t.
A funny thing happened to the economy on its way to recession: It has taken a detour.
That, at least, is the view of a growing number of economists, including some who not long ago were saying a recession was all but inevitable.
They note that stock and credit markets have steadily improved since the Federal Reserve intervened to keep Bear Stearns Cos. from bankruptcy in early March, while a series of economic reports have been stronger than expected.
It’s a good thing for this country that journalists are wrong more often than they’re right when it comes to reporting on the economy.
robert108
pparets
likwidshoe
LifeTrek
Bat One
Puzzlefeet
Rosemary Schmitt
The Whistler
