From the NY times: When a lackluster jobs report came in on Friday morning, some economists, investors and forecasters were hardly surprised. Call them permabears. A solid six months of good and getting-better data — fewer Americans claiming unemployment benefits, rising industrial production and improving economic sentiment among them — have failed to convince them of the strength of the recovery.
Some offer outright dire predictions. There is the Economic Cycle Research Institute, a New York-based forecasting firm, which foresees a new recession. There is A. Gary Shilling & Company, a consulting firm in Springfield, N.J., which argues that the economy will weaken through the rest of the year....
Others — call them the baby bears, perhaps — simply offer what they say are more realistic assessments of both the weakness of the economy and the tepid pace of the recovery, despite a few months in which a spate of reports surprised to the upside….
Don’t stop reading now. Go to http://www.nytimes.com/2012/04/07/business/economy/some-dreary-forecasts-from-recovery-skeptics.html?_r=1