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Posts Tagged ‘ stock market ’

Diviners Divided: Economists clash, sow confusion

If you’re confused about the outlook for the economy and stocks one year after the market hit bottom, then you’ve got good company — the Wall Street economists and strategists who are supposed to have this all figured out.

Rarely have the experts seemed so divided about the future . . . read more


The Rebound: Numbers tell story of market recovery

On March 9, 2009, it felt like the world was ending.

The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market’s drop with news that it was turning a profit. That began the stock market’s answer to the Great Recession: the Great Rebound . . . read more


A Dose of Humor

editorial cartoon


A Dose of Humor

Clay Bennett


Economist Survey

The latest survey of 47 national economists (including yours truly) by the National Association for Business Economics was conducted in recent weeks and formally released on Monday, February 23. As one might expect, it was not pretty.

The consensus view has deteriorated sharply when compared to prior forecasts, which are conducted three times annually. “The steady drumbeat of weak economic and financial market data have made business economists decidedly more pessimistic on the economic outlook for the next several quarters,” noted Chris Varvares, the current president of the group. “While a few reports offer some glimmer of hope, a meaningful recovery is not expected to take hold until next year.”