Kaufman economics bloggers’ survey shows economic outlook steadily declining

Kaufman’s leading economics bloggers survey for Q4 2010 has been released (pdf here).  (Must admit upfront that this blog is part of the survey. So there would be some biases for the survey :-))

The key findings are:

  • The bloggers remain skeptical about official economic statistics, though not as negative as the third quarter. This may be explained by the weak employment data that were reported during the late autumn months. Regardless, only 9 percent think the U.S. economy is doing better than official statistics indicate.
  • The number of panelists expecting more rapid inflation exceed by a seven-to-one margin over those predicting disinflation. Sixty-two percent anticipate higher budget deficits, which is consistent with the strong majority (6-1) anticipating higher real interest rates. The outlooks for employment and GDP per capita growth are net positive, but muted with one-third expecting stagnation for both variables.
  • The only group bloggers rate less favorably than Wall Street firms (with 12 percent As and Bs) is the U.S. Congress (no As and one B). Forty-eight percent give Congress an F this quarter. Nearly one-quarter of economics bloggers give the Federal Reserve an F, which also has the second highest A grades (6 percent).
  • In every category of business, conditions right now are rated as “fair, bad or very bad” by 90 percent of respondents. 
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One Response to “Kaufman economics bloggers’ survey shows economic outlook steadily declining”

  1. Tweets that mention Kaufman economics bloggers’ survey shows economic outlook steadily declining « Mostly Economics -- Topsy.com Says:

    […] This post was mentioned on Twitter by CMEGroup, Jennifer Baty. Jennifer Baty said: Payroll tax holiday favored RT @CMEGroup Kaufman economics bloggers’ survey shows economic outlook steadily declining http://ow.ly/2ZE9N $$ […]

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