Quote:
Originally Posted by smith12
Ya, anything is possible at this point but all the leading indicators of late (other than yesterday's consumer spending) have been positive. The stock market had already factored in a possible depression and it's quite likley that's not going to happen. General concensus is that the economy is starting to turn the corner and we haven't even felt the impact of trillions of stimulus spending. Once that happens and if the credit markets totally open up you're going to see a quick recovery - probably q3 of 2010. There's just too much money in the money supply to be lent out at unheard of rates for things not to eventually start moving.
The real problem is going to be in 2011/12 when inflation starts to ramp up..........
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Actually most of the leading indicators I've seen are still negative? But you know what they say...."If you spend 13 minutes a year analyzing economic indicators you've wasted about 10 minutes".