Quote of the Day: Dick Green

Tuesday, November 20, 2007 | 06:30 PM

I had to do a double take on this one:

"A recent survey of top Wall Street economists by The Wall Street Journal revealed expectations that fourth quarter real GDP will rise at about a 1.5% annual rate. The first quarter of next year is expected to come in at about 2%, and to inch higher through the year. Steady, moderate growth in consumer spending and strong exports are creating growth.

There is no evidence of recession.

The weekly H.8 data from the Federal Reserve show that banks are continuing to extend credit at a steady rate.

There is no evidence of a broad credit crunch."

--Dick Green, president of Briefing.com
(emphasis added)

How someone can read a collection of forecasts, and from that deduce a lack of evidence of potential recession is far beyond me. Its disingenuous beyond belief.

Go read the full piece, and come back to post a comment whether Mr. Green is correct or not.  Consider this your open thread for the evening . . .


(Hat tip Marketbeat)


The Fears are Real
Dick Green
Briefing.com, 20-Nov-07 08:48 ET

Tuesday, November 20, 2007 | 06:30 PM | Permalink | Comments (29) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Quote of the Day: Dick Green:

» The Key Market Question and Pre-Holiday Musings from A Dash of Insight
Occasionally we take up a series of topics where we have a comment, but not a full-length article. As we head into the holiday period (including some travel and lighter posting) there are some topics that deserve special mention. The [Read More]

Tracked on Nov 20, 2007 11:03:06 PM


Green says nothing about a _potential_ recession. He is evidently talking about actual conditions as they currently prevail and is not saying anything controversial. There is no recession in our economy at this point. Potential recession risk exists but is beyond Green's thesis.

Posted by: djg | Nov 20, 2007 6:44:02 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™