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No Job? No problem. The recovery is on its way!

From MacroScope comes this gem about the “recovery” we are supposed to be experiencing . The Blue Chip Survey published August 10 indicated that economists were in agreement about one thing: that the recession, the longest since the Great Depression, will be over in September. Can you feel the recovery yet? Maybe these opinions from the surveyed economists will help:

87% Expect a recovery by September

16% Expect a strong recovery

16% Expect a double-dip recovery

65% Expect a long, slow recovery


Were full of hot air (hey, they’re economists)

Nearly all agreed that the economy would continue to lose jobs for some time no matter what. The consensus was that the national rate of unemployment would peak at 10.2% by the first quarter of 2010. In short, prepare for more pain.

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