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10.22.2009 11:55 am

Prakken sees chance of an economic upside surprise

St. Louis Post-Dispatch

Joel Prakken, chairman of Macroeconomic Advisers, said this morning that he expects the nation’s economy to grow about 4 percent next year and almost that fast in 2011. That means the recession is definitely over, and Prakken admits that he’s…

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10.12.2009 2:43 pm

Economists say recession is over, but jobless rate will stay high

St. Louis Post-Dispatch

Members of the National Association for Business Economics think that the recession is over, but that the unemployment rate will remain almost as high a year ago from now as it is now today. Those are the highlights of a…

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06.18.2009 11:50 am

Farrell likes stocks, but sees a correction soon

St. Louis Post-Dispatch

The handout for Vince Farrell’s breakfast talk this morning looked rather bearish. It started with a recent graph of the S&P 500, highlighting two major bottoms in November and March. Succeeding pages showed previous bear markets — 2001-03, 1981-82 and…

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05.27.2009 12:12 pm

Economists see recession ending by autumn

St. Louis Post-Dispatch

The latest survey from the National Association for Business Economics has some good news and some bad news about the macroeconomic outlook. A majority (74 percent) of the 45 participating economists think the recession will end by the third quarter…

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02.25.2009 8:53 pm

Recession forecast grows deeper and longer

St. Louis Post-Dispatch

When last we talked to Ken Matheny of Macroeconomic Advisers, he was predicting that the recession would end in the second quarter of 2009. Now, he has pushed the projected recovery back to the third quarter. He also thinks gross…

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01.06.2009 3:00 pm

Readers’ forecast: Weak economy, healthy stock market

St. Louis Post-Dispatch

Barring a late flood of snail-mail entries, all of the predictions are in for my 2009 Economic Challenge. The headline: Readers are pessimistic about the economy, but think they can make money in the stock market.

The 44 entries are about…

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12.19.2008 3:17 pm

Your turn: Predict the economy for 2009

St. Louis Post-Dispatch

If you read today’s column, you know that it’s time to enter my annual Economic Challenge for 2009. You can enter by email (click on the byline at the top of this item) or by posting your predictions in the…

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12.02.2008 4:35 pm

An egghead explains the recession call

St. Louis Post-Dispatch

When the National Bureau of Economic Research made its official recession declaration yesterday, a couple of questions came to mind. One, as expressed in one of the comments on our story, is, “DUHHH. Did it really take them that long…

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11.04.2008 4:03 pm

A rosy view of the housing bust

St. Louis Post-Dispatch

Economists are a gloomy bunch these days. Here, for example, is an excerpt from the  National Association of Business Economics’ latest survey:

 A full 38% of respondents expect U.S. real GDP to be lower in 2009 than in 2008, and 79%…

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10.16.2008 9:46 pm

Macro Advisers’ forecast turns negative

St. Louis Post-Dispatch

As I mentioned last week, Macroeconomic Advisers Chairman Joel Prakken has declared that we’re in a recession. Yesterday, that reality was reflected in his firm’s forecast for the first time. The Clayton-based firm now says that gross domestic product shrank…

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