Wednesday, December 28, 2011

Economists Reduce Fear of Recession

A CNNMoney survey of 20 top economists finds their fear of the economy falling into a new recession has retreated in the last three months, as they put the chances of a new downturn at only about 20%. Three months ago, they believed there was about a 30% chance. Only two of them have raised the risk of recession.
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And... you believe these idiots??
Risk of re-recession 20%?? I'm still betting 50%+!

Thursday, December 22, 2011

Santa Claus rally will leave coal for 2012

"economists have also cut their odds of a new recession in the next six months down to 15%, from a 25% chance only three months ago" OPTIMIST-PRIME!