All Commentary
Tuesday, October 25, 2011

Expectation of New Recession Falls among Surveyed Economists

“Economists have significantly raised their estimates of third-quarter economic growth ahead of the government’s official report Thursday, easing near-term fears of another recession. A consensus of economists surveyed by Bloomberg News estimates the economy grew at a still-modest 2.5% annual pace last quarter, up from their 1.8% projection less than two weeks ago. The brighter picture follows better-than-expected data on retail sales, manufacturing, jobs and business investment.” (USA Today)

Economies are notoriously hard to predict.

FEE Timely Classic
“Which Strategy Really Ended the Great Depression?” by Burton W. Folsom Jr.