nytimes.com - 1/3/2009
—
Many economists are heading into the new year declaring that the worst may soon be over. Others are pessimistic. >
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Hugh Hewitt: "Some Forecasters See A Fast Economic Recovery"
Townhall.com Blog's TownHall Blog —
That's the headline in the New York Times , and many voices in the article echo what Brian Wesbury, chief economist of First Trust Portfolios has been saying on my program since November: It is a nasty recession, but this is the end of the standard business cycle and recovery will begin in 2009, perhaps even in the first half of 2009. The world, in short, isn't ending, and markets and home prices will recover. Key graphs: But the economy will no longer be contracting, and the recession that started in December 2007 will end at 18 or 21 months of age. The previous record holders, severe recessions in the mid-1970s and early 1980s, each ...
Hugh Hewitt: "Some Forecasters See A Fast Economic Recovery"
Hugh Hewitt's TownHall Blog —
That's the headline in the New York Times , and many voices in the article echo what Brian Wesbury, chief economist of First Trust Portfolios has been saying on my program since November: It is a nasty recession, but this is the end of the standard business cycle and recovery will begin in 2009, perhaps even in the first half of 2009. The world, in short, isn't ending, and markets and home prices will recover. Key graphs: But the economy will no longer be contracting, and the recession that started in December 2007 will end at 18 or 21 months of age. The previous record holders, severe recessions in the mid-1970s and early 1980s, each ...
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