Come on 2010!

Wishing everyone a Happy New Year! Wishing that 2010 is better than 2009! As Shorty says...

"It can't get much worse."

Economics....I enjoyed the class in college. What bits and pieces I understood. Pretty sure this graph is simple enough to paint the picture of a recession.

They say we are out of it...and should see a slow recovery.

So...here is to 2010! Bring it on!

Happy New Year everyone!

"Morgan Stanley: economic growth =2.8% in 2010 and 2011; core inflation = 1.4% in 2010 and 1.9% in 2011; Fed increases interest rate in third quarter 2010, reaching 1.5% by end of 2010 and 2% by end of 2011

Wells Fargo Securities Economic Forecast (annual economic outlook - Dec 2009): economic growth 2.6% in fourth quarter of 2009, 2.2% in 2010 and 2.3% in 2011; core PCE inflation = 1.5% in 2009, 1.3% in 2010 and 1.6% in 2011 (note: CPI inflation = -0.4% in 2009); unemployment rate rising to 10.6% in the third quarter of 2010 and remaining there until first quarter of 2011 declining to 9.9% in the fourth quarter of 2011 (slow job creation beginning Spring 2010)"