Monday, January 17, 2011

The January 2011 Wall Street Journal Economic Forecast Survey

The January Wall Street Journal Economic Forecast Survey was published January 14, 2011.  The headline is "Economists Optimistic On Growth."

I found a variety of topics seen in the Q&A (spreadsheet tab) to be interesting, including questions on "Grading Central Bankers" and "QE2".

The current average forecasts among economists polled include the following:

full-year 2010 : 2.8%
full-year 2011 : 3.3%

Unemployment Rate:
for 6/1/2011: 9.3%
for 12/1/2011: 8.8%

10-Year Treasury Yield:
for 6/30/2011: 3.6%
for 12/31/2011: 3.97%

for 6/1/2011: 1.9%
for 12/1/2011: 1.9%

Crude Oil  ($ per bbl):
for 6/30/2011: $88.67
for 12/31/2011: $90.70

(note: I comment upon this survey each month; commentary on past surveys can be found under the “Economic Forecasts” category)

I post various economic forecasts because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with many of the consensus estimates and much of the commentary in these forecast surveys.

A Special Note concerning our economic situation is found here
SPX at 1293.24 as this post is written

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