J.P. Morgan Economist Foresees Mid-2009 National Turnaround

Summary

---

Noted J.P. Morgan chief economist Anthony Chan said the national recession could bottom out within six to nine months - paralleling forecasts by Oklahoma State University economist Mark Snead, who based his positive state, Oklahoma City and Tulsa outlooks on a projected 2009 turnaround.

To Snead, oil price volatility holds the greatest threat to sustaining Oklahoma's growth. But while the state's oil sector has trimmed its capital expenditure plans, Williams Cos. executive Evan Hanson expects the industry to maintain its current labor force.

See the full content of this document

Extract

---

J.P. Morgan Economist Foresees Mid-2009 National Turnaround

Those positive views come in the face of the worst U.S. downturn since 1981, said Chan, who months ago declared the nation in recession since December or January. But the managing director of J.P. Morgan's Private Wealth Management division expects the unprecedented federal reaction to this now-official re...

See the full content of this document

---