AP survey: No recession but weakness will endure

[BR_Parkway]

In some fictional world that they alone inhabit it seems - most of the rest of us seem to know that we've never come out of the Recession (or worse) no matter what their technical definitions would suggest.

All this really means is that we're certain to see plenty of "Economists were surprised / shocked / stunned to discover..." type opening lines in plenty of articles for the next 12 months.


http://news.yahoo.com/ap-survey-no-recession-weakness-endure-051311926.html

WASHINGTON (AP) — Another recession isn't likely over the next 12 months. Neither is any meaningful improvement in the economy.

That's the picture that emerges from an Associated Press survey of leading economists who have grown more pessimistic in recent weeks. They say high unemployment and weak consumer spending will hold back the U.S. economy into 2012.

Their gloominess comes at a time when Europe's debt crisis threatens to infect the global financial system. It also coincides with an annual economic conference late this week in Jackson Hole, Wyo., and speculation about whether Federal Reserve Chairman Ben Bernanke will unveil any new steps there to help the economy.

Worries that another recession is nearing and that the European crisis will spread have led to a roughly 15 percent drop in stock prices in the past month. Economists say the Great Recession ended in June 2009.

[xchrom]

1. stagnation is a pretty awful event in terms of economics

& the livelyhood of the country.

it's not recession, you say? big whoop.

americans are for setting that bar really, really low.

[BR_Parkway]

3. I was commenting about the spin they were putting on the article of

pretending things are better than they are instead of actually addressing things.

Not sure what you are commenting on

[xchrom]

4. only if we aren't in recession -- or dipping into it -- we are

experiencing stagnation.

which isn't good for the workers.

[BR_Parkway]

5. nothing's been good for the everyday folk for a decade now - at this point

things seem to be moving backwards.

[Safetykitten]

2. Of course it never ended. Now they are trying to sell this shit,

[Yo_Mama]

6. It never has

The US has never managed to run through a year with below 2% growth and avoid recession. NEVER.

So when you look at all these forecasters, esp. banks, predicting 1-2% growth in the second half, what they are really predicting is recession.