Three Not-So-Optimistic Economists
By now, you’ve probably heard of the much-ballyhooed “green shoots” in the economy. On Friday, the Dow actually closed positive for 2009, leading some commentators to begin championing an increasingly optimistic rhetoric. In fact, in a recent survey of 53 economists by the Wall Street Journal, the consensus was that the recession would end in September.
But, among all the talk of increasing optimism in the financial markets, however, there are a few holdouts.
This week, writing in the Financial Times, Wolfgang Münchau : “..at this point, I see the chances as roughly even between a global slump and a return to quasi-stagnation.”
He’s certainly not alone. Here are three world-beating economists who’ve recently offered up some strong resistance to the growing cult of optimism:
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