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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (123894)	5/19/2008 10:25:06 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

I wish these people would make up their mind Who is NABE? Are they related to NIMBY or NAMBLA or Naomi Campbell? No wonder they're so confused- blog.buzzoodle.com --- Forecasters see weak economy, higher unemployment Monday May 19, 6:19 am ET By Jeannine Aversa, AP Economics Writer Forecasters foresee weak economy, higher unemployment even if housing, credit woes ebb WASHINGTON (AP) -- First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise. ADVERTISEMENT That's the latest outlook from forecasters in a survey to be released Monday by the National Association for Business Economics, also known by its acronym NABE. It will take time for any rays of light to poke through the economic clouds, though. A growing number of economists believe the country is on the brink of a recession or in one already, dragged down by all the problems in housing, credit and financial markets. Now 56 percent of the economists think the economy has started or will enter a recession this year. That's up from 45 percent in a survey in February. If there is a recession, it probably will be short and shallow, economists said.