We'll recover soon, world's most opmisitic economist vows

James Smith points to one of his favourite books when asked to explain his unusual optimism about the prospects for the U.S. economy. Smith, chief economist at a North Carolina wealth management firm, holds the distinction of being the most optimistic forecaster in a survey of 77 U.S. economists conducted by Bloomberg News. He's predicting the recession-bound American economy could actually enjoy a recovery before the end of the year and will definitely be rebounding strongly by February or March. Although he's recently shaved a point off his sunny forecast, he's still looking for a relatively healthy 2.3-per-cent economic growth next year.