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Who is Right: Professionals or the Populace ?

Posted on June 30, 2008

Portfolio has an interesting discussion on what they term the He-Said-She-Said economy: Inflation, energy, home prices, and tax rebates. Ordinary Americans and Wall Street professionals are at odds on issues like these and others at the center of the current economic malaise, according to the CNBC/Portfolio Wealth in America survey. And these differences have implications for both the Federal Reserve and this year's congressional and presidential candidates.For example, while Wall Street forecasters predict inflation will be fairly tame in the next year, at about 2.5 percent, 71 percent of ...

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core inflation , crude , data , economics , federal reserve , inflation , oil , tax