Sunday, 12 June 2011

Growth Rebound for U.S. Seen in Second Half of 2011 in Economists’ Survey

SS says

The herd is back on -

Smoking dope and drinking Kool Aid !!!




http://www.bloomberg.com/news/2011-06-10/growth-rebound-for-u-s-seen-in-second-half-of-2011-in-economists-survey.html

SS says

DREAM ON!!!!!!

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Slowdowns in consumer spending and employment will prove temporary, giving way to a U.S. growth rebound in the second half of 2011, economists surveyed by Bloomberg News said.

“The economic headwinds are well known, but if you look at the tailwinds, they are still pretty strong,” said Nariman Behravesh, chief economist at IHS Inc. in Lexington,Massachusetts. “There are a lot of reasons to be fairly upbeat about the recovery. Growth will pick up in the second half.”

Companies had a record $1.91 trillion in cash and other liquid assets at the end of the first quarter, according to Fed data issued yesterday. The money will probably be used to boost capital investment and hiring later this year once concern over the slowdown dissipates, said IHS’s Behravesh.

“Our biggest concern of course is that the economy has slowed a little bit from where we thought it would be,” Mulally said in a June 7 Bloomberg Television interview. “Having said that, most of the economists believe that it’s going to start picking up in the second half with everything that’s been put in place, both monetarily and fiscally.”

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