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April 23, 2006
Late "News"

Economists. Wotta buncha jokers.

In general, economists do modestly better at predicting the economy than simple mathematical projections of past economic trends do. But economists often get into trouble when they try to foretell financial downturns.

Perhaps that's why most economists are cheery about the health of the US economy.
Economists and policymakers at the US Federal Reserve also have a history of upbeat forecasting. They didn't see the last recession in 2000 and 2001 until about nine months after it started

Bottom line...the economy is in trouble.

Sure am glad we got "experts" to tell us these things. Otherwise, us regular folks might not notice jobs disappearing, gas pricing skyrocketing, and those "adjustable" mortgate rates adjusting upwards like rocket-propelled grenades.

The economy sucks. Everyone is being forced to admit that.

The truth will always out, won't it?

Kind of like more and more people are saying that the Bush Administration knew there were no WMD in Iraq. Before we invaded.

Posted by AnneZook at 06:26 PM


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