Reply #10: You're Actually More Optimistic Than I Am [View All]

[ProfessorGAC]

And, i'm not a doom and gloom economist! But, i think the 3% slide will happen more like in 1Q04, not the 4th quarter.

I also see the possibility that the doofi on the Fed will adjust rates upward to support the value of the dollar, despite the existence of papers and models that show that this doesn't really work in small increments. So, the rates might edge upward, but because of manipulation of rates to affect some other change, and not due to true economic growth.
The Professor