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March 13, 2008
Economic Forecasting
The Wall Street Journal reports that 36 of the 51 economic forecasters surveyed by the Journal now believe the economy is in a recession. Maybe now would be a good time to rent the movie Weather Man.
Also from the Journal predictions of further declines in housing prices. Dean Baker one the very few economic forecasters that predicted rain before it started raining adds that housing prices do not generally follow the growth in income but over the long run grow along with the overall rate of inflation.
--Mark Price
Posted by Price at March 13, 2008 03:52 PM