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Old 07-30-2008, 12:36 PM
Gurmastak Singh's Avatar
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Default Economy - Tuesday (Investor's Business Daily)

Investor's Business Daily - Some 62% of American investors believe the economy is contracting, according to a survey by asset management firm Schroders. But 94% said they still expect to profit from their investments during the next 12 months. The economy grew at a 1% annual rate in Q1 and Wall Street estimates that growth accelerated to a 2.3% pace in Q2. But falling home prices, the credit crunch and high energy prices have hurt sentiment.

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