Monday, May 21, 2007

Economists Forecast, We'll See

We will put this economic forecast in the "we'll see" column. There is something happening in the economy that is unprecedented in world history. The US has stopped being an independent economy that is not reliant on global growth, not domestic growth. Our ties to China, India, Europe and South America are more important than ever in determining our economic fortunes.

I am watching this closely as all the predictive models just are not working anymore. It could be that I am being overly optimisic and making a foolish mistake that "This time is different." I am well aware of the 1999/2000 time period where most of us were fooled.

All I am saying is "watch out" for a stronger than predicted economy and continued stock market rally. We will see what happens.


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