Economists see more reasons for optimism this year

[Peacetrain]

http://news.yahoo.com/economists-see-mor...19816.html


NEW YORK (AP) -- Economists are increasingly confident that some pillars of the U.S. economy will improve this year, but they still remain cautious in their expectations on the overall pace of economic growth.

The National Association for Business Economics said Monday that forecasters have raised their expectations for employment, new home construction and business spending this year. But they held on to their average prediction that America's gross domestic product, or GDP, will grow at a rate of 2.4 percent. That's a slight improvement from 2011, when economists believe the economy grew 1.6 percent. Final economic growth numbers for 2011 are due out Wednesday.

[jaxx]

Things are looking up and it's helping all around. Imagine the pubs having to see this happen after they have spent 3 years trying to obstruct growth.

[Peacetrain]

(02-27-2012 10:06 AM)jaxx Wrote:  Things are looking up and it's helping all around. Imagine the pubs having to see this happen after they have spent 3 years trying to obstruct growth.

Yep.. they are working overtime to try and derail the recovery..but that train has left the station .. so to speak..

[Velleity]

Did you catch Warren Buffet on CNBC this morning? He was telling Becky Quick (as he has said before) that it's a mistake to bet against the USA.

Becky didn't challenge him on it.

He said that we have had shocks, like we had in 2008, but that we have always come back and will always come back.

Republics are what? 30%? 40%? We're more powerful than they are. They can't crash us no matter how hard they try.

[Peacetrain]

(02-27-2012 11:41 AM)Velleity Wrote:  Did you catch Warren Buffet on CNBC this morning? He was telling Becky Quick (as he has said before) that it's a mistake to bet against the USA.

Becky didn't challenge him on it.

He said that we have had shocks, like we had in 2008, but that we have always come back and will always come back.

Republics are what? 30%? 40%? We're more powerful than they are. They can't crash us no matter how hard they try.

Oh shoot..no I have had the TV off this AM.. love it, just love it

[NJMaverick]

is a concerted effort by the !% to tank it.

[Peacetrain]

(02-27-2012 11:54 AM)NJMaverick Wrote:  is a concerted effort by the !% to tank it.

And when they are called out on it.. they whine like someone has taken their favorite teddy bear..

[pappy]

(02-27-2012 11:54 AM)NJMaverick Wrote:  is a concerted effort by the !% to tank it.

If demand is as strong as what we are seeing in auto sales even that may not be enough to slow the recovery.

The suppliers don't drive demand, consumers drive demand and thereby the economy. "Job creators" only create if they can sell their product and when the demand is high God help the person trying to block the sales.

[MilesColtrane]

(02-27-2012 11:54 AM)NJMaverick Wrote:  The only thing that can derail the economy is a concerted effort by the !% to tank it.

They're doing their damnedest.

[There Is No Spoon]

(03-03-2012 10:16 AM)MilesColtrane Wrote:  

(02-27-2012 11:54 AM)NJMaverick Wrote:  The only thing that can derail the economy is a concerted effort by the !% to tank it.

They're doing their damnedest.

I'd like to think they are behind the price rise, but it appears gasoline prices are linked to the stock market/perception of rising demand more than anything: