Here are some headlines from my newsline feeds on my google homepage:
"Foreclosures jump 30 percent"
"Stocks plunge amid surging oil"
"Chrysler to cut up to 12,000 jobs"
"Rash of Reports Exposes Vulnerable Economy"
And then there is this seeming counterpoint from some IU economists...:
Not being versed in the specific econometric modelling used for such forecasts, I can only use my best educated guess as to where the economy for the US (and Indiana) is headed. But given the plethora of negatives that have happened this year, and given the fact that hardly anyone expects that to turn around soon, AND given that the Fed can only go so far in loosening the money supply without risking inflation given rising energy prices etc, I don't know if I would be as optimistic as the IU economists. The economy HAS been resilient to date, but let's not be fooled by that whole "New Economy" schtick. Resiliency has its limits.