Remora
Prediction fiction
The NYT reports official preliminary figures show fourth quarter growth at 0.7%. Further in the story we come to these two grafs :
Most economists had predicted a weak figure for the fourth quarter, and none interviewed yesterday said they planned to change their forecasts. Though they expect growth to improve slightly this year, it might not be enough to create jobs until the spring or summer.
Many companies hesitate even to bet on a midyear recovery, said Carl T. Camden, president and chief operating officer of Kelly Services, a leading provider of temporary workers. His clients "talk about things turning around in the third quarter," he said, "and then they realize that's the same speech they gave last year"
So, is that what "most economists" had predicted? Wow, somehow we bet those predictions were revised about two weeks ago. Long range, that isn't what most economists were predicting at all. When Busine
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