A Tale of Two Fed Presidents…..
by Tom on November 23, 2008
in Market Musings
“The U.S. economy is now clearly in the midst of a substantial downturn,” Evans said in a speech to economists in Indiana. “Given the magnitude of the problems that we face, we could see activity remaining quite sluggish through much of 2009.”
“Looking ahead, many analysts expect the U.S. economy to regain positive momentum sometime in 2009,” Lacker said in a speech in Maryland. “That strikes me as a reasonable expectation.”
Fed official: ‘Poor’ economic conditions likely to last – Nov. 21, 2008.
I know they are only opinions, but two contrasting ones….
The one says we could see things start to recover next summer. The other says 2010 or 2011.
Either way, prepare yourself that this won’t be over in 2 months.
Tom
