Wells Fargo: U.S. will 'skirt recession'

Wells Fargo: U.S. will 'skirt recession'

Excerpt:

Wells Fargo Private Bank economists believe the United States will avoid recession in 2008, a pair of investment strategists told a Denver audience on Tuesday.

"Wells Fargo believes the United States will skirt a recession," which is defined as two consecutive quarters of negative economic growth, said Erik Davidson, senior director of investments for Wells Fargo Private Bank's Mountain Midwest region, which includes Colorado.

Comment: Encouraging financial perspective.