A hat tip to Growthology for pointing us to Kauffman’s third quarter survey of economic bloggers, who have become increasingly pessimistic about the US economy–a perspective that was reinforced by this morning’s truly awful unemployment numbers. From the survey:
Economic bloggers have a renewed pessimism in their outlook on the U.S. economy, with 68 percent saying that conditions are mixed, and the rest split three to one toward weakness rather than growth. For an economy in which growth is the norm, 47 percent of respondents think that the U.S. economy is worse than official statistics indicate, and only 5 percent believe it is better. …
Regardless, the consensus three-year projection sees growth primarily in the budget deficit, global output, and interest rates. Increases in jobs and GDP are expected to be tepid— outpaced by poverty, for example.
And a few charts from the survey:
Related links:
Econ bloggers’ consensus is grim – Growthology
A quarterly survey of leading economic bloggers (pdf) – Kauffman