petetoth

2009 Economic Forecasts Ignore Demographic Shift

- 5.0 percent might be too optimistic if you are expecting other shoes to drop. If the entire foot locker tumbles you'll be looking at a 20 to 30% plunge.

As you stated in your introduction: "There is not enough data for any pundit to accurately forecast what the US economy will look like on December 31, 2009" and "the economy is all about momentum."

One thing is for sure though, that when bad things happen in today's global economy, they happen blindingly fast.