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On Monday, the National Association of Business Economics (NABE) announced that it believes the recession is over, but many of the economists it surveyed don't believe there will be a "meaningful improvement in jobs, credit or housing for months to come."

NABE asked a group of 43 top economists if they believe the U.S. economy has pulled out of the recession. Of those responding, 81% believe the recovery has started recovering, and 9% (four of those responding) thinking we are still in a recession. Four others were unsure.

Continue reading Are you ready for a 'slow and painful' recovery?

Are you ready for a 'slow and painful' recovery? originally appeared on BloggingStocks on Tue, 13 Oct 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic crisiseconomic downturneconomic recoveryEconomicCrisisEconomicDownturnEconomicRecoveryfeaturedNABENational Association of Business EconomicsNationalAssociationOfBusinessEconomicsTue, 13 Oct 2009 09:50:00 EST<![CDATA[Debt tops risks to American economy]]>http://www.bloggingstocks.com/2007/08/27/debt-tops-risks-to-american-economy/http://www.bloggingstocks.com/2007/08/27/debt-tops-risks-to-american-economy/http://www.bloggingstocks.com/2007/08/27/debt-tops-risks-to-american-economy/#commentsFiled under: , , ,

Not too long ago, terrorism ranked as the top threat to the state of the American economy. This is no longer the case, as bad credit has now become the leading cause of concern.

According to a new report from National Association of Business Economics, 32% of its members that it polled are now placing the country's rising debt concerns as the biggest threat to the health of the economy.

The last time the group ran this same poll was back in March, at which terrorism topped the list of worries. The current poll shows that the threat of terrorism is considered a top worry by only 20% of the people in the survey.

The credit concerns began earlier this year when cracks in the subprime mortgage business started to become exposed. At first, it was hoped that the subprime problems would be minimal, or at best contained, but these hopes have vanished over the past few weeks as the ripple effect has been spreading across the entire market.

The past month has witnessed a five percent drop in the stock market, and the dollar falling to an all time low against its main benchmark, the euro.

The good news, is that the mortgage meltdown is still being considered a short term threat. Prices have been falling, no doubt about that, but looking 4 or 5 years down the road most experts are expecting to see homes gaining in value as opposed to further deterioration in value. One can only hope that they are right.

Debt tops risks to American economy originally appeared on BloggingStocks on Mon, 27 Aug 2007 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>debteconomicseconomyfeaturedhousingNational Association of Business EconomicsNationalAssociationOfBusinessEconomicssubprimesubprime mortgagesSubprimeMortgagesterrorismMon, 27 Aug 2007 10:50:00 EST