Economist Fails To See A Recession
Wednesday, February 6, 2008
An optimistic Hank Fishkind credits the Federal Reserve's interest rate cuts.
By JAMES THORNER, Times Staff Writer
Who's afraid of the big bad "R?" Hank Fishkind's not.
Downplaying the recession risk to the economy, the Orlando economist gave an upbeat speech Tuesday to a packed house of Tampa-St. Petersburg real estate types. While growth won't be spectacular - and employment will just putter along - the economy should avoid a recession this year thanks to the Federal Reserve's panic-soothing interest rate cuts, Fishkind said.
"I think the economy's a little better than the numbers would tell you," he said. Fishkind spoke at the invitation of the Bay Area Real Estate Council, a group of real estate attorneys.
Foreigners and out-of-staters will continue to flock to Florida, but Fishkind admitted his crystal ball was murky when it came to exact numbers.
To read James Thorner's complete story, please click on the following link:
www.sptimes.com/2008/02/06/Business/Economist_fails_to_se.shtml
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