Saturday, March 15, 2008

Recession is here - WSJ reports 70% of economists agree

From the WSJ:
Economists in the latest Wall Street Journal forecasting survey are increasingly certain the U.S. has slid into recession, a view reinforced by new data showing a sharp drop in retail sales last month.

"The evidence is now beyond a reasonable doubt," said Scott Anderson of Wells Fargo & Co.

Thirty-six of 51 respondents, or more than 70%, said in a survey conducted March 7-11 that the economy is in recession.
So what's wrong with the other 15 economists?

Now, when does the WSJ recognize that the Recession will last at least through 2009?

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