A Recession Shouldn't Be in Your 2008 Forecast

Some analysts were predicting a recession would hit the U.S. economy in the fourth quarter as consumers, hurt by falling house prices and the high cost of gasoline, cut spending. It didn't happen, and there's no reason to think it's going to this year either. Economic growth will be slow in the first half of 2008, and the unemployment rate, which was still a low 4.7 percent in November, is likely to rise. (Snip) On the other hand, economic growth should accelerate in the second half of the year as financial-market conditions and the U.S. trade deficit improve...

[I've no idea. Point is, neither do the doom & gloomers in the MSM so I thought I'd 'balance' a little here.]

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_berry&sid=aeV7.rn.uMDM