December 29, 2009

JUST IN TIME...:

Economy Poised for Surge, Says 'Most Accurate' Forecaster (Timothy R. Homan and Bob Willis, 12/29/09, Bloomberg)

The U.S. economy next year will turn in its best performance since 2004 as spending perks up and companies increase investment and hiring, says Dean Maki, the most-accurate forecaster in a Bloomberg News survey.

The world's largest economy will expand 3.5 percent in 2010, according to Maki, the chief U.S. economist at Barclays Capital Inc. in New York. The rebound in stocks and rising incomes will prompt Americans to do what they do best—consume, said Maki, a former economist at the Federal Reserve. Faced with dwindling inventories and growing demand, companies will soon become confident the expansion will be sustained, he said.


...for the UR and the new Congress to balance the budget again.

Posted by Orrin Judd at December 29, 2009 6:49 AM
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