Tom Foreman | BIO
Hang on. That’s what some of the nation’s best economic forecasters are telling consumers. Whether these experts are studying those endless piles of numbers about joblessness and consumer credit, or plumbing the depths of the stock market’s turmoil, or looking into a Magic 8-Ball; the trend is unmistakable. Quietly, cautiously, and yet steadily, more voices are rising to say the economy either is ready to start turning around.
It sounds preposterous, of course, amid all the bleak news about unemployment, businesses closing and that ocean of bad mortgages still flowing through the financial sector. But these prognosticators base their rosy beliefs on three simple ideas.
All this could be wishful thinking. Chaos in global markets, missteps by the new administration, a big natural disaster, or any number of other things could derail all the optimism in a flash. And we should note that plenty of economists are warning that we may yet have to endure months of difficulty before things get better.
But at least they are talking about things getting better. Maybe in January. Maybe in June. But 2009 is already, for some, looking like if not a very good year, at least a much better one.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with