Year End 2006 Economic Predictions
Six highly respected economists recently gave their 2006 YEAR END predictions in the July "National Real Estate Investor" magazine. Here is the AVERAGE of their predictions for four key market indicators: GDP GROWTH -- 3.33%+; JOB CREATION -- 2.0 MIllion New Jobs; 10-YEAR TREASURY YEILD -- 5.11%; and, OIL ($ PER BARREL) -- $60.29. The most interesting (and surprising prediction) by an economist at the University of North Carolina was that OIL will fall to $31.75 per barrell by year end 2006. "Happy days are here again."