Economists trim 2011 U.S. growth forecast

March 11, 2010

Hello list,

It is sometimes helpful to see what the specialists are predicting for the future, based on recent trends and information and key assumptions. When the time comes it is useful to compare the specialist predictions with those based on insights from astrology, and compare the two. The advantage that economists enjoy is to be able to understand deeply specific relationships in the economy and how things have worked out in the past given similar circumstance - modified for major institutional changes where appropriate. The advantage astrologers have - with a robust methodology to interpret a horoscope and predict, based also on an authentic mundane horoscope - is to be able to predict significant events which economists are less likely to pick up on. Both economists and astrologers can probably predict trends as easily. In any event, the economist predict 3% growth of GDP in 2010. If there

are significant events as has been predicted in the USA based on the SAMVA USA chart, this is expected to throw off the economy, resulting in less growth for the year. Moreover, based on the Saturn sub-period, it has been predicted that trend economic growth in the USA would remain sluggish. So far the economists and this astrological prediction are in harmony.

Economists trim 2011 U.S. growth forecast

Wed Mar 10, 2010 12:40am EST

WASHINGTON (Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday. Economists surveyed earlier this month in the Blue Chip Economic Indicators newsletter said the economy is expected to grow by 3.0 percent in 2011, which is 0.1 percentage point lower than estimates made a month ago. But economists raised their 2010 growth forecast for the third consecutive month to 3.1 percent, up 0.1 percentage point from February. Still, the economists predicted the recovery would be mild given the depth of the recession. The consensus also expects inventories to continue adding to GDP over the next several quarters but see the size of those contributions become increasingly smaller. "By Q1 2011, the contribution to GDP from

business inventories is expected to become trivial," the survey said. The panelists said they also expect "a slower and less powerful than is typical improvement in labor market conditions that will cap gains in disposable personal income and personal consumption expenditures." The panelists expressed concern that severe winter weather crimped economic activity in February and that upcoming monthly data on production, retail sales, housing starts and home sales could fall short of earlier consensus expectations. However, they also pointed out any weather-induced softness should be recovered in the March data.

http://www.reuters.com/article/idUSTRE6290Q020100310?loomia_ow=t0:s0:a49:g43:r2:c0.071823:b31795566:z0

Thor