Friday, December 12, 2008

Excellent Call

MSNBC last December:

By John W. Schoen
Senior producer
updated 8:26 a.m. ET, Wed., Dec. 19, 2007

With the housing market still in decline and consumers tightening their belts, the economy is likely to slow substantially in the coming year but will skirt an all-out recession. That, at least, is the consensus view of economists polled for’s sixth year-end economic roundtable.

While the 10 forecasters on our panel believe the economy will avoid a recession, much depends on how the Federal Reserve responds, how many more homeowners get swamped by higher mortgage payments and whether oil prices stay below $100 a barrel.