Wednesday, October 08, 2008

Yun Changes His 2008 'No Recession' Prediction

Back in later 2007 "In predictions supplied to USA Today, Lawrence Yun predicted that there would not be a recession in 2008."

"Yun now expects growth in the U.S. gross domestic product (GDP) to contract for two consecutive quarters, in the fourth quarter of this year and the first quarter of 2009. (Sun Herald)" In other words, Yun is now saying a recession beginning in the 4th quarter of 2008 and continuing into 2009.

Once again, Yun's prediction has changed dramatically, due to reality not jiving with his prediction.