I usually take a contrary approach to economic forecasts. Back at the end of 2007 nobody was looking for a downward trend. Everything you would read on growth was go-go-go. That’s when the bottom fell out.
Today, some indicators are pointing to a somewhat improving economic condition. All the “experts” say don’t be fooled by good news; things will remain in the doldroms. These are the same experts that thought that CDOs based on sub-prime mortgages were a good investment. I’m willing to believe that in spite of the naysayers, things will start to improve in 2012.Share on Facebook