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%+!

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!

Stock Market is rigged...!

Manipulators and speculators are driving up the market, and also commodity prices: oil is no way worth $96.80 a barrel in this fragile, limping economy! I expect a major drop in all indices, once the feces in Europe ripens.

Got this feeling that the big boys are trying to squeeze one more dollar out of the supposed recovery before it all caves in - wish I could see who's buying and storing foodstuffs.

"Good" News: 3Q 2011 GDP +2.5%...

BAD NEWS: CNNMoney economists predict 4Q will slow to 2.2%; then 2.3% thru 2012. If this were true it would be abysmal; in fact, I expect the economy to contract again in 2012, and enter the long-pooh-pooh'd double-dip recession. We'll see who's right...(BTW U.S. unemployment still "officially" 9.1%)

SUPRISE: bankers don't want to lose money

Europe's tightrope walk above Greece default reaches center-rope between now and Oct. 23rd: big banks are resisting cutting Greek debt in a controlled fashion to avoid outright default and CDO chaos. German bankers are making noise about maybe not making as many loans if they lose too much on the deal. Either way this goes, Europe is facing another financial crisis and an almost guaranteed second recession.

This just in...'no recession' (BS)

Joseph Tanious of JPMorgan Chase Asset Management:
"Recent economic data reinforces our belief that U.S. economy is not in a recession...The consumer is in fact coming back and starting to spend."

Reuters: "Consumer sentiment unexpectedly fell in October"

Geez, who writes these headlines??? Why would anyone expect consumer sentiment to rise??! RETAIL SALES ARE UP BECAUSE PRICES ARE UP!! Dumasses!