The most accurate forecaster in December and for all of 2007 is getting a bit nervous about his call that the U.S. economy will avoid recession this year.
"We were feeling reasonably good until last week," when the nonfarm payrolls figures and the Institute for Supply Management index came in very weak, said Stephen Stanley, chief economist for RBS Greenwich Capital."There is so much noise in the individual readings," Stanley said. "You have to be careful not to overact to one observation.">>>MORE