Thursday, Aug 24, 2006

Is (US) economy headed to a soft landing?

USA Today: Is economy headed to a soft landing?

Er, no, according to a growing number of voices Stateside: '...there is a small but growing minority of economists who warn that the downturn could be severe. New York University professor Nouriel Roubini gives 70% odds of a recession by year's end. Merrill Lynch analyst David Rosenberg puts the chances of a recession at 40% to 80% in the coming year, based on models and market conditions. A recent Blue Chip survey of economists pegged the risk at 27%, up from earlier estimates.'

Posted by crashedoutandburned @ 11:31 PM (493 views)
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