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Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
  • Economic Predictions by Automotive Manufacturers 1 comment
    Jul 10, 2009 1:35 AM

    And you wonder if anyone reads economic forecasts?  Well here is proof positive the automakers live in their own world.  I hope to hell they are not making investment decisions based on these beliefs:

    the headline:

    According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic decline is forecasted to bottom out this year; solid economic growth is expected in 2010—with inflation staying contained but the unemployment rate remaining high. Light vehicle sales are predicted to fall sharply this year and then to improve in 2010.

    the predictions:

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  • I need more cowbell
    , contributor
    Comments (111) | Send Message
    I guess in order to get to the last stage of grief, acceptance, as opposed to an individual grieving the death of a loved one, companies and countries have greatly conflicting data as to whether the loved one ( in this case the debt-fueled bubble ) is indeed actually dead and/or can be brought back to life miraculously by Dr. Frankenstein ( or Dr. Bernacke if you prefer ).
    10 Jul 2009, 09:03 AM Reply Like
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