The Good News Economist

Will the Recent Rally Extend?

>“What if all of these time lags
>come together at once and instead
>of people talking about the worst economy
>since the great depression (which is untrue by the way),
>we morph into an economic recovery that is
>stronger than most expect?” While I am not per se
>predicting a strong economic recovery, I do find the
>argument interesting since almost nobody believes
>it can happen.

I totally believe it can happen. With the past as our guide and the potential confluence of efforts that Jeff describes, the economy's move to the upside will take the majority by surprise. Jeff describes the classic "tipping point." When it's reached the results can be what most firefighters call a completely unexpected "backdraft."

mast-economy.blogspot....