Economists (you know, the dullards who pretend to understand the incomprehensible) say that the recession is going to end in September. Or, more to the point, they are cautiously optimistic that it will end then. Pent up demand will soon kick in and people and businesses will have to begin spending.
Yet it's still iffy. The housing market has to bottom out, and they fret that the credit industry will not loosen credit soon or quickly enough. Unemployment will likely still rise, and job loss will still occur even if at a slower rate than the last year and a half.
So what does it all mean?
It means that they don't actually know yet they they have to do something to justify their reputations. So they make a prediction for a date far enough away to be safe, with enough qualifiers to ensure they have an out if they're wrong.
I am not impressed.
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