Economist Predicts Just 2% Growth In 2010

New York Times:

A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mean an end to our long financial nightmare, but it would also buttress a rebounding stock market, one of 2009's few bright spots.
S
The news out of Dubai late last week, however -- that its investment company is struggling to meet repayments on some of its $59 billion in debt -- reminds us that we are far from finished with a ferocious deleveraging process...

Read the whole story: New York Times

Comments

[invest in jobs]

01:38 PM on 12/01/2009

Mr Summers , bernanke, Geithner, Hillary are three people I could stand to see lose their jobs

hat tip to http://financeopinionss.blogspot.com

[lvdragonlady]

11:14 AM on 12/01/2009

This is what you get for basing a whole economy on purchases..........
Thanks to the old GOP(reagan) they moved from manufacturing and the gold standard to a buy buy buy mentality...............and we can see how well that worked.

[kedikat]

04:56 AM on 12/01/2009

This 2% of course includes the huge percentage that "Financials" play in the numbers. Those numbers having been demonstrated as a negative thing to the real economy. Financials continue to make imaginary wealth that is included as real growth. With the help of the Fed and other gifts, they are making record profits. Again, mostly paper, not real wealth.
The 2% growth is very imaginary and overly optimistic.

[xilduq]

09:35 PM on 11/30/2009

2% GDP growth is actually a contraction in reference to jobs as Bernanke indicated a 2.5% GDP growth is required to maintain the employment level...But thank goodness the RECESSION is OVER, right Ben???

[invest in jobs]

11:24 AM on 11/30/2009

Stock market going up as always while unemployment continues to rise. Scr4w themiddle class..scr3w the unemployed is that the administration seems to be implying. Geithner , Bernanke & summers could care less about job loss.

hat tip to http://financeopinionss.blogspot.com

We were promised 'shovel ready' jobs and green jobs with this massive stimulus, yet the results have been anything but stimulating for those out of work. Nevertheless, the rigged economy grew 3% so we can all pretend the recession is over.

[rodrigo72]

07:15 AM on 11/30/2009

The president of Brazil said that rich countries have to give money to poor countries even fight global warming.

Obama has given 10 billion dollars for George Soros explore oil off the coast of Brazil.

Our president wants the money to clean up pollution. You want to give money to Brazil?

It seems a joke, but true.

[research]

11:28 PM on 12/02/2009

no it's not true, Soros has about 1B$ in US$93 billion Brazilian energy company, that may get an investment of 10B$

[ulconnection]

04:27 AM on 11/30/2009

hi ecbot really that is a gud article about japan problems http://www.universityloveconnection.com

[dobberdoss]

04:03 AM on 11/30/2009

2% is not going to happen. Even this figure is so over optimistic. The reality is more likely to be 0.2%

[invest in jobs]

11:02 PM on 11/29/2009

No growth? fine by me
good articles; http://financeopinionss.blogspot.com

[CommunistUtopia]

10:41 PM on 11/29/2009

One thing I find interesting is that there are not that many Libs on this post. I think it is because they are too busy on the other posts saying how we need to tax more and create more social programs and entitlements.

It could also be they are clueless about what an economic growth rate is.

Or, it could be they realize that this administration is is destroying the economy.

Or.... I guess you could fill in the blank_______

[Slapmewhenitsover]

11:45 PM on 11/29/2009

______________ what economy? You wouldn't be referring to the one that was completely destroyed by rampant deregulation and created a "false growth" pattern that we are now all (I mean the entire world) are paying for....is that the economy you mean? What fantasy land do you hail from?

[verycold]

06:51 AM on 11/30/2009

Actually most of the posts in the business section rarely have any substance. I think that is because in general many progressives make their decisions based on "feelings". So they either like or dislike a person not on their merits, or POV, but because they are in the "other" party. If you base your political decisions on feelings mostly, the facts just get in the way of sound reasoning.

[xilduq]

12:39 AM on 12/01/2009

"Actually most of the posts in the business section rarely have any substance"

like yours?

[Gould123]

10:31 PM on 11/29/2009

I'll take the 2% econ. Raise, an homes sales are up now, to! dows up over 10,000,Unemployment down.

[xilduq]

12:41 AM on 12/01/2009

"feels" good doesn't it?

[bighat]

08:31 PM on 11/29/2009

Should social security be frozen again or even reduced and medicare/medicaid starts becoming political (such as not paying for breast exam until age 50 (just the tip of the iceberg to become)

In the days and weeks to come we will start seeing more preventive care will wind up on the cutting budget floor/

I hope everyone did not think that taxing our so called bad behaviors like obesity would be taxed.

All those reports that we read from time to time that cost the businesses or government money will soon become reality and we will have to alter our behavior accordingly.

[bluevase]

08:54 PM on 11/29/2009

I have Medicare -- breast cancer -- was denied a CT scan to test for possible liver metastasis

[bighat]

09:10 PM on 11/29/2009

And so it begins. Our healthcare has been decided by insurance companies accountants.

Now, our care will be decided by members of congress, their aids, and lawyers intrepations. (Hospital lawyers)

Only real winner will be the lawyers. I see many lawsuits in our future. Wonder if they will be any money left for health care

[Icantbelieveher]

09:14 PM on 11/29/2009

You do realize that it was Bush administration that requested that study and that Kathleen Sebelius has stated that your mammograms should be between you and your doctor, right?

[yumyum2012]

07:58 PM on 11/29/2009

2% is a little optimistic.......maybe if the liberal welfare policies are defeated.......Id say we are heading for a depression......13%-15% unemployment is Obama's target.....you see...In nanny states...unemployment is 10% during boom times......we should be there by the the time the liberals are done tearing down black families,and making stupid people victims

[Icantbelieveher]

09:12 PM on 11/29/2009

Are you freakin' kidding me? 5 million more people living in poverty were created during the 8 years of Bush, making it necessary for those 5 million people to depend on programs like food stamps in order to live! Foreclosures were up 68% in 2006 -- 2006, WHICH IS THE YEAR THAT Bush/Cheney and the republicans were in charge!

But on the other hand, the number of billionaire went from 186 (holding $816 billion in combined wealth) to 415 in 2008 (when Bush/Cheney were in charge) holding 3.5 trillion dollars of combined wealth.

Republicans create more poverty and create the need for public assistance, then complain about the number of people on public assistance!

[yumyum2012]

09:52 PM on 11/29/2009

poverty is a liberal thing....Conservatives tell you to work,encourage you...Libs tell you to sit...your a victim

[CommunistUtopia]

10:33 PM on 11/29/2009

This is exactly right. We have not yet hit Little o's target rate for unemployment.

[blogisti]

05:48 PM on 11/29/2009

If you can have record foreclosures, record debt, close to record real unemployment, 64% economic utilization, contracting credit and record deficits and still have 2% growth in the GDP one of two things would have to have happened. The first and most likely is the method by which you calculate growth is badly askew. The second is you would have to have just witnessed a miracle. I vote with putting lipstick on a pig. That will fool everyone.

[booki]

04:11 PM on 11/29/2009

teehee..... and why would anyone in their right mind want to listen to an "economist?"
remember the :shock and awe" of september 15, 2008????
i do.