tb1975

2009 Economic Forecasts Ignore Demographic Shift

"There is not enough data for any pundit to accurately forecast what the US economy will look like on December 31, 2009. In 2008, pretty much all forecasters were wrong in either events or timing or both."

Maybe pretty much all were wrong- all except for Nouriel Roubini. He certainly seems to have enough data to make accurate prediction after accurate prediction after accurate prediction.

BTW, he sees a 5% cumulative fall in GDP from peak to trough. And he has plenty of data to back it up. visit his website rgemonitor.com if you'd like to check it out.