Bullish optimistic economists running for cover and outright changing prospects of the economy quickly – what is the effect on Wall Street?
Kiran Chaube
Mar. 30, 2007

They predicted boom. They are on the run to cover their prediction with one eighty degrees turn. Economists are cutting forecasts for first-half growth, prompted in part by a decline in business investment and the housing slump.

The higher gas price will also reduce the first quarter GDP substantially. A GDP growth of less than 1% will show the economy is tumbling fast and will force fed to cut the rates aggressively.

The economists reached consensus about accelerating growth in first quarter. That time we knew they will be dead wrong. Now it is more or less confirmed that the economy is tanking because falling consumer confidence and business confidence.

| The net result is deflation. Fed and these economists are two years behind the real curve. They will soon realize that stagflation that started in mid eighties and matured in 2005 has now given way to outright deflation.

Bullish optimistic economists running for cover and outright changing prospects of the economy quickly – what is the effect on Wall Street?
Kiran Chaube
They predicted boom. They are on the run to cover their prediction with one eighty degrees turn. Economists are cutting forecasts for first-half growth, prompted in part by a decline in business investment and the housing slump...
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Oil and gold showing signs of commodity inflation – the GDP and employment growth showing signs of stagnation
Media Release
The economy is showing signs of stagflation. While the commodity prices are stubbornly high, the GDP data and employment data manifest weakness and stagnation in the economy.
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As Dow Jones Industrial Average closes below 10,000 after April crash, internal probe of corporate accounting practices will haunt Wall Street – Dell the first casualty
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Iran factor can take oil to $100 and then $40 but Dow is on course to 10,000
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Analytics and technical chart patterns point to a possibility of a 400% increase in natural gas price over the next two years. If the cartel comes into existence, natural gas price can go even higher.
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The data shows the economy for the time being is muddling along and Fed waits to weather out the rough terrain in the economy.
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Japan has seen it all in a mild way in the last twenty years. The world will see it now for the next thirty years in a very big way.
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