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Why The Doomsayers Are Wrong On The Economy

Sunday, July 11, 2010 - 10:22 AM
Wall Street Journal opinion piece makes the case that we won't see a double-dip recession. One of the reasons given is the low interest rates:
At the start of 2010, The Wall Street Journal's survey of economists showed that most anticipated the Fed would start boosting rates in September.

That's almost unthinkable today. Indeed, J.P. Morgan Chase recently changed its forecast to push the first rate move to the end of 2011, from April 2011.

If a double-dip recession does happen, record low interest rates may last a very long time.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800