I am an economist and to be honest I hate reading anyone's opinion on what is going on. Basically, as someone (unfortunately I cannot remember who) said, economic forecasting is like trying to predict where a car is going when it is a dark night, you have no lights on and you can only see out of the rear view window. Real economics is about resources and how they are deployed. Most of the 'news' is finance (or as some like to say 'financial economics') and has little really to do with economics in my opinion - just the movement of money. Things are never as bad as the pessimistic economists make out and never as good as the optomists would have you believe. I will stop now or it will just turn into a rant and make me depressed about how people don't talk about real economic issues anymore.