Sam Keller's TEC Blog

Monday, August 30, 2010

Sustainable Recovery?

The Institute for Trend Research, headed by Brian and Alan Beaulieu and Jeff Dietrich, has long been recognized by TEC as an accurate source of economic forecasts.

Recent poor economic news has once again fueled speculation that we may be headed for a "double dip" recession. Alan Beaulieu disagrees. In an article published in the August 2010 issue of Automation World, Alan states that the U.S. and global recovery is sustainable.

He says a sustainable recovery "... has been our outlook and that remains our outlook going forward, despite the increasing clamor of the double-dip alarmists. Yes, there are real dangers out there that threaten our well being, but we have taken them into consideration when putting together our forecast."

"However, it is expected that the rate of recovery in the United States will be milder than most of us would like and milder than we had anticipated 15 months ago."

While the news is not great, there does seem to be a light at the end of this long tunnel we are now in.

Click here for the complete article.

No comments:

Post a Comment