From CNNMoney:
The Reuters/University of Michigan Surveys of Consumers said its final index of confidence fell to 69.5 in March — its lowest since February 1992, when it was at 68.8 — from the previous month's reading of 70.8; indicating that "it is now nearly unanimous among consumers that the economy has already entered a recession."
Friday, March 28, 2008
Friday, March 7, 2008
Other Opinions (gloomy)
Along with Warren Buffett, this latecomer to the R-word party as reported on CNNMoney.com:
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The U.S. economy is two months into a recession, according to a research note released Friday by JPMorgan Chase & Co.
JPMorgan anticipates the current recession remaining short, unless there is an "abrupt change in corporate behavior."
In a short recession, the bottom occurs at about five months, Thomas Lee an analyst with JPMorgan wrote in a research note. Lee said during typical "short" recessions, equity markets gain about 12% in the year following the bottom.
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Alternate view comes from Motley Fool website,
which posted an article entitled "It's Worse Than
You Think It Is." They see bottom still ahead!
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The U.S. economy is two months into a recession, according to a research note released Friday by JPMorgan Chase & Co.
JPMorgan anticipates the current recession remaining short, unless there is an "abrupt change in corporate behavior."
In a short recession, the bottom occurs at about five months, Thomas Lee an analyst with JPMorgan wrote in a research note. Lee said during typical "short" recessions, equity markets gain about 12% in the year following the bottom.
___________________________________
Alternate view comes from Motley Fool website,
which posted an article entitled "It's Worse Than
You Think It Is." They see bottom still ahead!
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