If you read my articles then you probably know that I’m a bull on the economy. I believe it is fundamentally strong and that housing, while a drag, is not going to drag it down into a recession.
I’m also willing to make calls to support my stand. So, I predict that this Friday’s non-farm payroll numbers will come in at or even slightly above the 123,000 gain projected by the economists.
Why do I make this claim:
- Despite the headlines the economy is growing quickly.
- I have looked around and talked to friends and jobs are available. Companies are hiring.
- Exports are booming, fueling additional hirings.
The housing market is retrenching and this is causing real pain. But there are many others who are doing well and who are benefiting from a pretty bountiful situation.
Think I’m crazy? Leave me your comments below.
Comments
anne reid
September 06, 2007
I don't think that you are crazy because I haven't studied this, but there are a lot of jobs being lost in real estate these days.
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