A published forecast from an authority par excellence!?
The Washington Times,Sept. 18-19, 2009 Page A16:
Michael Mussa, a former economist at the International Monetary Fund(IMF) declared that "the recession is over, and the global recovery is under way."
Comment: I have some doubts for the upcoming months. I need to witness the empirical evidence to validate his optimistic scenario or otherwise!? Prof. John K. Galbraith of Harvard stated decades ago about economic forecasts:"There are those who don't know and those who don't know they don't know." His facetious remarks may or may not be recognized from the mixed vision during the course of time.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economics to envision with reservation due to complexity + duplicity of the global economy in the 21st century.
Saturday, Sept. 19, 2009 at 1.56 p.m.