Economists polled by the WSJ see the US in a Recession, sees more problems for Housing, more uncertainty with Credit, and more weakness for Consumer Spending.
Bernanke’s rep holding up better than Hank Paulson
More on this economists survey later today . . .
Source:
U.S. Economy Hasn’t Hit Bottom, Survey Says
PHIL IZZO
WSJ, April 10, 2008
http://online.wsj.com/article/SB120776362649702195.html
A contrary indicator if you ask me? When is economic consensus ever right. Having said that, we are nowhere near the bottom.
“…the Bear Stearns, uh…’situation'”
That made me chuckle.