MarketWatch: Still dark at end of the tunnel

[marmar]

ECONOMIC PREVIEW
No sign of bottom yet in worst-hit sectors
Upcoming housing, factory, layoff data could be as bad as any, economists say

By Rex Nutting, MarketWatch


WASHINGTON (MarketWatch) -- You know things are bad when the best economic news over the coming week is likely to be a report showing that consumers paid higher prices for goods and services.

Any hopes that the economy is beginning to bottom will probably be quashed by the data due in the coming week, which are likely to show further worsening in the housing industry, manufacturing and employment, economists say.

The most meaningful news could come at mid-week, when President Barack Obama outlines his government's plans to reduce home foreclosures, and possibly in the process, put a floor under the economy.

As for the regularly scheduled releases for the week, "the data flow suggests no let-up in the recession," wrote Ethan Harris, co-head of domestic economics for Barclays Capital.

"Economic releases will be generally tilted on the downside," agreed Brian Bethune and Nigel Gault, U.S. economists for IHS Global Insight. ........(more)

The complete piece is at: http://www.marketwatch.com/news/story/No-sign-bottoming-data-seen/story.aspx?guid=%7BA8A942E2%2D8980%2D453C%2DA7EA%2DD8AAF25A747F%7D

[Deja Q]

1. These companies make money off of promoting fear.

Wouldn't mind seeing THEM going out of business instead.

[geckosfeet]

2. All I know is that my grocery bill is ballooning and my paycheck is staying the same.