Yesterday saw the release of the Economic Projections of the Federal Reserve Board Members and Federal Reserve Bank Presidents, November 2011 (pdf).
Of note, since January, the Federal Reserve has been reducing its economic growth forecasts.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1236.49 as this post is written