Monday, May 19, 2008

Economic Turnaround?


I love how economists are saying that a turnaround is happening but the United States should expect unemployment to rise and a recession.

Isn't this more wishful thinking more than anything. The stock market works mostly off perception, so if people think the economy is getting better, won't it? Meanwhile, people are losing their home because of preditory lending and banks are getting bailed out. Isn't there something wrong with that.

Talk about welfare!

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