My pal EJ tells me that the whiz kids at the Wall Street Journal saw our Econ Blogger Survey and quickly made their own version! Ha, nice try.
Oh, apparently they have been doing it for years, once a month even. And my assistant reminds me that I said they were an "inspiration." Okay, so fine.
The summary is that the economists expect interest rates to be held steady by the Fed all summer long and not rising above 1% the entire year. Inflation remains tame. A quarter of the 8 million jobs lost are structural (that is, permanently gone). Home prices stabilize. GDP growth rate averaging 3 percent. And they even have a report card. Here's an interesting observation from the article:
One of the key issues holding down job growth is a growing disparity between small and large businesses. This week, the National Federation of Independent Business released a report showing another decline in small business optimism. That stands in contrast to the Business Rountable's survey of chief executives of larger companies released last month that showed a strong increase in sentiment.
The battle of ideas is not won or lost in Congress, or even in elections, but in the long assessment of history. Just ask Qeng Ho.
Posted by: louis vuitton | April 08, 2010 at 08:44 PM