Posts Tagged ‘optimistic

10
Jun
11

not that we should trust economists, but…..

Bloomberg: Slowdowns in consumer spending and employment will prove temporary, giving way to a U.S. growth rebound in the second half of 2011, economists surveyed by Bloomberg News said.

After growing at a 2.3 percent annual pace this quarter, the world’s largest economy will expand at a 3.2 percent rate from July through December, according to the median forecast of 67 economists polled from June 1 to June 8.

Rising exports, stable fuel prices, record levels of cash in company coffers and easier lending rules will be enough to overcome the damage done by one-time events like poor weather and the disaster in Japan….

“The economic headwinds are well known, but if you look at the tailwinds, they are still pretty strong,” said Nariman Behravesh, chief economist at IHS Inc. “There are a lot of reasons to be fairly upbeat about the recovery. Growth will pick up in the second half.”

….Increasing overseas demand is another reason for optimism ….. Exports climbed to a record in April, Commerce Department figures showed yesterday….

More here

02
Mar
11

buoyant buffett!

Reuters: Billionaire Warren Buffett said the U.S. economy is “coming back” and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.

…Speaking on CNBC television, Buffett maintained his “enormous respect” for the efforts of Federal Reserve Chairman Ben Bernanke to move the economy forward.

He said improvement in the business environment is likely in future months to be reflected by a decline in the U.S. unemployment rate, probably to the low 7 percent range by the November 2012 elections from 9 percent now.

…”The economy is coming back,” Buffett said. “There is a resiliency to the American system,” he added. “It does work. It sputters from time to time, it will sputter from time to time, but you don’t want to get worried.”

More here

Thank you cat48 😉

24
Jan
11

headway

USA Today: Economists are more optimistic about the recovery than they were just a few months ago, significantly upgrading their forecasts for 2011 as consumers open their wallets.

When asked to predict, nine of 10 economists said they’re more optimistic than three months ago, according to a USA TODAY survey of 46 economists conducted Jan. 13-19.

….”This growth is now becoming self-reinforcing,” says Mark Zandi, chief economist of Moody’s Analytics. “Businesses are going to take their stronger sales and begin to hire more aggressively, generate more income, and we’re off and running.”

…The economists say the more robust growth will help cut the unemployment rate to 9% by year’s end from 9.4% in December. They expect employers to add 200,000 jobs a month by the second half of the year, more than double last year’s rate.

…the brighter outlook is largely a response to a recent flurry of positive reports. Car and truck sales rose 11.1% last month from the year-ago period. Holiday retail sales appear to have jumped 5%, their best showing since 2005. Factory output is rising. Even the sluggish housing market has picked up.

…cash-rich U.S. corporations are feeling more confident in the recovery’s durability. That will prompt them to hire more, says David Wyss, chief economist at Standard & Poor’s.

Full article here




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