US Economy Expected To Kick Off a Comeback Tour in Third Quarter

Categories: Recessionomics
And then some Rock Band on Flickr - Photo Sharing!.jpg
via Eric Dickman's flickr
U.S. Economy used to be the number one band in the world. Flying between gigs in private jets, constantly hitting the top of the charts, and attracting screaming fans wherever it went. Then Real Estate (on bass) got really into cocaine, and just got higher and higher and higher eventually leading to a delusional increased sense of worth until it crashed. Credit Market, the drummer holding the beat together, had an existential crises, became a hermit that never left its dilapidated market, and briefly thought about moving to China or India. Other members tried to regroup as side projects, first as the ill-fated blog house outfit "Tech Boom 3.0," and then as the outsider Russian folk group "The Utopian Socialists." But those close to the group, known as economists, think the band may be planning a low key comeback in the second half of this year.

According to a recent survey of 51 leading economists, the U.S. economy should see some sort of comeback by this summer, which basically amounts to a string of club and small theater dates. The GDP, after two quarters of deflation, should expand by 0.5% in the third quarter and 1.9% in the second quarter. Then a full blown stadium tour is expected in 2010, with a GDP growth for the first quarter of that year predicted to be 2.3%.

See guys, we told you the economy was exactly like Britney Spears.

[Reuters: Sickly U.S. economy set for 2nd half rebound: survey]

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