“The best thing about 2012 might be that it gets us slightly closer to 2013”
Noreen, it means, economics are looking 2012 only as a transition period to the previous changes, am I right. But I don’t think so, am expecting further weaken in economic and socio-economic sector further in 2012 instead of strengthen. Finally expected to be stable by 2014 or 2015.
Interesting observations. But I just don't get these economists who say "Europe may go into recession but we'll avoid it." It's like saying during 2008 that "The World will avoid the problems in the U.S. The world is much more interconnected now. As we saw with what happened in Japan with the quake and more recently the floods in Thailand, any ripple sends shockwaves throughout the globe. So to me it's naive to make pronouncements that we can "remain safe" and "protected" when one of the largest financial crises in history is percolating across the Atlantic.
Improvement is off in the distance, but, Like Noreen points out US consumers are willing to spend right now, that might actualy pull us to a recovery sooner rather than later. I hope so anyway.
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