Economy Expanding as Predicted, but Will the Run Last?
The nation has strung together two consecutive quarters of growth with 2009:Q4 annualized growth registering 5.6 percent (third estimate). Employment is now expanding and the unemployment rate has been declining in recent months. A close inspection of fourth quarter GDP reveals a promising shift away from pure dependence upon government spending to a broadening economic expansion. Of central importance is the ongoing reboun... [More]
So are we...
Here’s the good news – 2009 is over. Here’s some more good news – 2010 will be better for the economy. Here’s the bad news – 2011 might not be and that implies that 2010 could be a volatile year for stock prices, which appear to lead the economy by six months or so. Bottom line: you should be prepared for a roller coaster ride this year as investors experience mood swings in the face of rapidly shifting economic forecasts and a world replete with geo-political uncertainty.
One m... [More]