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Tuff-Stuff

12/18/11 6:02 AM

#431462 RE: Tuff-Stuff #431461

dshort<>Economists' GDP Forecasts: December 2011 versus December 2007

By Doug Short
December 17, 2011

Last week I posted the latest GDP forecasts from the Wall Street Journal's December Survey of economists here. I focused on their forecasts for Q4 2011, Q1 2012 and the overall 2012 forecasts.

On Friday the Wall Street Rant blog posted an interesting overlay of the December WSJ GDP survey forecasts for 2012 with the equivalent 2008 forecasts made in December 2007.

Here's is the chart followed by an excerpt from the Rant commentary.



Cont for MORE

http://advisorperspectives.com/dshort/commentaries/WSJ-Economist-Survey-GDP-Dec-2007-versus-2011.php
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SkeBallLarry

12/18/11 6:04 AM

#431463 RE: Tuff-Stuff #431461

" Don't leave town insearch of Santa, & fergit ( HFC ) for me, Stuffie " ..

Morning to ya .. !!



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cooler

12/18/11 6:05 AM

#431464 RE: Tuff-Stuff #431461

Euro 'Crisis' Or Alarmist Dialogue Amongst The Talking Heads And Where Are U.S. Assets Headed?

Readers want actionable advice that can be traded immediately. Not necessarily a short-term day trade, but an opportunity immediately present and called for, not one which requires patience. Ah the virtues of trading. To see the opportunity, one must first understand the overall global macro dialogue. Only then from a top-down approach, can we find precisely where to place our bets. First some analysis of the global economy by focusing on overseas news broadcasts, financial banter and of course, the raw data. Events surrounding the Euro and smaller nation-states like Greece are highly fluid. 2008 taught us a butterfly can in fact trigger a tsunami on the other side of the world.

The Euro is shackled by irresponsible governments, poorly designed economic infrastructures and restrictive "bands" preventing flexibility with rates during times of systemic stress. The once all-mighty "dollar killer" destined to be the uber-reserve currency and savior to non-aligned countries finds itself under threat of demise. Was it all just an experiment? Should hedge fund managers be jumping for joy as the potential return of individual currencies brightens the prospects of all portfolio managers? There's no doubt Germany holds all the cards in this game and Merkel is poker faced as ever. The key question: is the end game a fait accompli or are there other possible outcomes which don’t involve the unwinding of the Euro? Conversely, will the Euro become a relic of the past, her demise returning competitive advantages to individual nations and a lot more trade opportunities for hedge fund managers? The Euro was supposed to get rid of localized economic advantages by achieving price parity across borders. The Euro was much despised by the Germans for the same reason as the crumbling of the wall devastated the economy of West Germany. The influx of unemployed, post-communist laborers unaccustomed to hard work hit the Germans with a recession lasting a full decade.

continues: http://goo.gl/kLizB