Monday, October 27, 2008

My Economic Predictions

I don't generally make economic predictions but lots of econostats come out this week. They are all backward-looking and useless for the purpose of actual investing, much like last weekend's weather. Let's review where I think each will shake out:

  • Today - new home sales - should be bad
  • Tuesday - consumer confidence - should be very bad
  • Wednesday - durable goods orders - should be very bad
  • Thursday - 3Q GDP - should be bad
  • Friday - personal income and spending - should be very bad

Other than that, it should be a fun week.

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