Comments on: U.S. Economy Will Dodge a Double-Dip Downturn, But Won't Escape Unemployment Woes During 2010 Jobless Recovery

By: ziknoid floof

ziknoid floof — Sun, 11 Jul 2010 01:33:40 +0000

you stated "the U.S. housing market – a crucial element of the consumer sector – is showing signs of bottoming out." You must be dreaming ! we've got part 2 of a hugh housing crash coming with millions more foreclosures in the pipeline, more folks behinds on mortgages then ever before, nothing selling, etc….and what affect will that have on our fragile recovery. My money is on the sidelines where it is safe and not losing a penny.

By: U.S. Economy Will Grow Faster Than Expected, Jobs to Return to Growth Next Year, Economists Say

Mon, 14 Dec 2009 17:09:11 +0000

[...] U.S. economy "will be lucky to do 2.0%" next year, Money Morning Chief Investment Strategist Keith Fitz-Gerald said. "The [...]

By: Why Gold Will Reach a Record $2,000 in 2010

Why Gold Will Reach a Record $2,000 in 2010 — Mon, 14 Dec 2009 16:39:30 +0000

[...] Money Morning “Outlook 2010” Economic Forecasting Series (U.S. Economy Part I): U.S. Economy Will Dodge a Double-Dip Downturn, But Won’t Escape Unemployment Woes During 2010 Jobl…. [...]

By: U.S. Economy Will Grow Faster Than Expected, Jobs to Return to Growth Next Year, Economists Say

Mon, 23 Nov 2009 21:21:37 +0000

[...] U.S. economy "will be lucky to do 2.0% " next year, Money Morning Chief Investment Strategist Keith Fitz-Gerald said. "The [...]

By: Although President Obama Warns of a “Double-Dip” Recession, Money Morning Expects U.S. Recovery to Continue

Thu, 19 Nov 2009 16:27:41 +0000

[...] Editor's Note : To read Money Morning 's “Outlook 2010” story on the U.S. economy, please click here. The story is accessible free of [...]

By: Why Gold Will Reach a Record $2,000 in 2010

Why Gold Will Reach a Record $2,000 in 2010 — Thu, 19 Nov 2009 08:32:31 +0000

[...] Money Morning “Outlook 2010” Economic Forecasting Series (U.S. Economy Part I): U.S. Economy Will Dodge a Double-Dip Downturn, But Won’t Escape Unemployment Woes During 2010 …. [...]

By: As Stimulus Spending Winds Down, Will U.S. Businesses Step in For Tapped-Out Consumers?

Wed, 18 Nov 2009 15:47:35 +0000

[...] addressing the 2010 outlook for gold, oil, banking, foreign markets and other key topics. Part I of the U.S. economy forecast story appeared yesterday (Tuesday). [...]

By: elwind45

elwind45 — Wed, 18 Nov 2009 09:59:56 +0000

Complete nonsense! When the U.S. and the world realizes that short interest rates have been too low, too long I expect short rates to spike. This spike will cause dollar to rise due to flight to dollar as a safe haven. A stronger dollar will hurt both imports and exports equally. Since American taxes are viewed by overseas investors as too low, Dollar becomes very appealling. Since America has a debt, employment and Treasury problem stocks will be hit. As world economy falls apart overseas investors will demand higher American taxes and higher rates or they will pull out of Treasuries and go home. I would suspect that protectionism is about to rear ugly head middle of 2010 when yield curve is inverted. Only higher taxes keeps curve flat. Deflation takes hold as MBS and Bank debt gets unloaded. Businesses go under and inflation takes hold due to less business rivalries two to three years out. Keep your kool-aid.

By: Werner

Werner — Tue, 17 Nov 2009 20:04:33 +0000

You are talking of the S&P being up 60 or more percent from its low in March and Dow Jones up 40 percent or so.
For about 10 years now, looking at retraces, personally mainly in the forex market, the main criteria for an uptrend to be reinstated is to go beyond 76.4 percent retrace of the previous drop. We are not there yet and I am not making any prediction. I just feel that as long as this prerequisite is not fulfilled the risk of a double dip recession remains acute. That's true not only for the US but everyone else. On top other countries have to get used to the idea that they can no longer rely on the US consumer to pull them out of recession.

By: so change to export economy

so change to export economy — Tue, 17 Nov 2009 13:46:57 +0000

So now that our comsumption based economy got hammered due to a broke consumer, wouldnt be the time to switch back to an export economy, specially now that the dollar is weak?