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Economist: Strong Consumer Spending to Return in 2014
Beaulieu says that while the U.S. economic recovery is underway, the recovery will be slow. He says the bottom of the trough, in terms of 5 leading economic indicators, will be February 2010, and there won't be a "re-dip" or double-dip recession.
The Institute for Trend Research says on its Web site that "we forecast economic indicators with 96% accuracy." Beaulieu made the following predictions:
- The economy will be slowly improving in 2010, but unemployment will remain high
- Credit will flow more freely, and inflation will be 3 percent by the end of the year
- The economy will be on the upswing in 2011, and inflation will spike to 6 percent and interest rates will rise dramatically
- Business and personal taxes will be increase in 2011 by the government
- 2012 will not be as strong as 2011
- 2013 will be flat
- The economy will finally soar in 2014, getting back to the same growth rates of 2007
- 2020 will be the year that the stock market finally returns to December 2007 levels
"This economic recovery is one of the most opportunistic times of your life," Beaulieu says. "You couldn't ask for a better time to remake yourself."
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5 Comments
So did they predict where we are now in 2009?
I still bring a jacket even when the weather man says sunny. How many times has that weatherman been right just by coincidence/accident? Come to think of it, have they ever been right? It seems like the weather happens, and they tell us what happened and guess whats coming next. If they are right, they take credit, if they are wrong, something changed that was going to happen anyways already.
Maybe at our store we are doing somethings a little different. “Our” store economy is strong and “returning” right now. So much so we have to now move to a larger retail store and have had to expand staff. I guess we represent the other 4% of that accuracy component. The difference is 100% mental attitude; not buying into the economic indicators and not being a victim of the economy. The pie is in fact infinitely large. So much so it does not even have to be divided up you just simply make it bigger developing one customer at a time. You can wait for 2014 if you want to but the business is out there now, right under your noses, if you truly want it.
phyre3 said: “So did they predict where we are now in 2009?”
My very first thought phyre! 2009 was probably part of their 4% inaccuracy 
. These guys remind me of psychics who claim to be able to see the future yet are having to con their way into money when if they could really see the future they would be worth billions (lottery tickets, stocks etc.). This company can predict the economy with 96% accuracy and what do they do - they make money by giving speeches at trade shows.
“The Institute for Trend Research says on its Web site that “we forecast economic indicators with 96% accuracy.”
Well if they say it then it has to be true (sarcasm). As PT Barnum said…