61. Some private economists argued otherwise. 62. Some private economists predict China will have to reduce the value of the yuan. 63. Some private economists calculate the figure is more than double that amount. 64. Some private economists worried that the new proposals, while helpful, might not be sufficient to keep the Japanese economy from sliding further. 65. Still, Fed officials and many private economists continue to predict a slowdown in the second half. 66. Some private economists had speculated that the rise in inventories resulted from an unwanted accumulation of unsold goods. 67. Some private economists warn that the government may be too optimistic about its ability to limit its budget deficit. 68. Still, several private economists said the increase in the deficit could be a sign that U.S. factories might not be producing quite as much as they had projected. 69. Takenaka presides over one of the five cabinet office units, the Council on Economic and Fiscal Policy, a group of cabinet ministers, private economists and industrialists. 70. That view is shared by private economists like Stephen Roach of Morgan Stanley and Bruce Steinberg of Merrill Lynch. |