Another “The Worst May Soon Be Over” Forecast

The following story recently (June 25) ran in The Wall Street Journal: “OECD Says The Worst May Soon Be Over For The Global Economy” http://online.wsj.com/article/SB124583299366346443.html This conclusion, that “the worst may soon be over” and that recovery will quickly follow,  seems to be extremely widely held among forecasters, as documented elsewhere (such as the June …

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