Fed Model Predicts No Recession By End of 2009

Carpe Diem: Fed Model Predicts No Recession By End of 2009

As the data and graph suggest, there is almost no possibility that the economy will be in recession by the middle of this year according to the Fed's model, which has accurately predicted the last 7 recessions, back to 1960.

I'm not so sure about his economic forecasting claims. I think economists have been more precise than he says. They've successfully predicted ten of the last seven recessions. 🙂 Seriously, the stuff I'm reading from leading economists suggests that we will see growth again in the third or fourth quarter at the latest.