Economists at Goldman Sachs think that up to $500 billion in stimulus (3.5% of GDP) is necessary to offset the drop in private spending induced by tighter credit.With stimulus of this magnitude, the costs of the bail-out and the recession's withering effect on tax revenue, the budget outlook is dreadful; next year's deficit could top $1 trillion.
OUTLOOK -- Another dreadful year.
Verdict: Not worth the early fourth-round risk, as a costly injury to Oakland's best lineman, Jared Veldheer, and a dreadful supporting cast downgrade his outlook significantly.
Like employment number coming from the private-sector on Wednesday (See "U.S. Jobs Outlook: Weak, Not Dreadful"), and the Labor Department on Thursday, factory order numbers will be closely looked at by Wall Street, as investors perceive it as a key piece of data the Federal Reserve uses in deciding where to set interest rates later this month.
But the outlook began to look dreadful as Oakley, the brutish Toronto power forward, kept depositing long jump shots in the faces of his former employers.
"The UK's export outlook continues to look dreadful.
The sharp rise in carmakers' shares last year now looks like having been the triumph of hope over reality.Put bluntly, the short-term outlook for the Big Three is dreadful.
It is true that the outlook for Germany's public finances is dreadful, but any talk of higher taxes to fix the problem is decidedly premature.
But, if the stand at Cawston is any guide, the outlook for Britain's 80m ash trees is dreadful, with manifold consequences.
In USA Today, Jorge L. Ortiz writes that it's necessary to completely forget Lincecum's dreadful August and Bob Nightengale writes about how Sabathia's brush with death changed his outlook on baseball and life.
