SHOOT: Here's evidence how a majority of educated people can be wrong based on their wishes, hopes and sentiments preventing them from seeing or acknowledging the bigger picture/reality. We won't spin ourselves out of this hole.
“We’ve averted the worst, and there are clear signs the
stimulus is working,” said Kenneth Goldstein, an economist at
the Conference Board in New York.
The economy will expand 2 percent or more in four straight
quarters through June, the first such streak in more than four
years, according to the median of 53 forecasts in the monthly
Bloomberg News survey. Analysts lifted their estimate for the
third quarter by 1.2 percentage points compared with July, the
biggest such boost in surveys dating from May 2003.
Confidence in the world economy surged to a 22-month high
in August on signs the worst global recession since World War II
is coming to an end, a Bloomberg survey of users on six
continents showed. The Bloomberg Professional Global Confidence
Index jumped to 58.12 this month from 39.13 in July. A measure
of U.S. participants’ confidence in the world’s largest economy
rose to 47.3 from 29.5, the survey showed.
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