Dale Buss says there are at least 12 reasons why economic conditions will improve, perhaps as soon as the fourth quarter. Writing in Chief Executive, Buss says that an American economic rebound will sprout more quickly and more robustly than most observers are expecting after the Nov. 3 election. This, despite the fact, that the contra-indicators to such a bold forecast are obvious and huge.
And a growing minority of forecasters agrees with that positive thesis. “The economy will do better than the general wisdom,” said Gary Wolfram, a professor of economics at Hillsdale College. Eli Lehrer, director of the Center for Finance, Insurance and Real Estate at the Heartland Institute, similarly foresees “robust growth, happening more quickly” than presumed. Here are the 12 reasons from Chief Executive that more prognosticators are adopting an “11/3” theory for why U.S. GDP could surge out of its current 2-percent-growth mode, perhaps as soon as the fourth quarter.