Tuesday, August 19, 2008

STILL no Recession/Depression...

Risk of recession rising as stimulus fades.

Hmm. That's a surprise.

One difficulty is that policymakers have little ammunition left to aggressively warding off a slowdown, with government deficits soaring and interest rates already are well below the rate of inflation.
Gee. I don't know. Maybe end the illegal war in Iraq? Bring jobs back to the United States? Stop SHIPPING jobs overseas? Create clean energy jobs?

No recession. Yeah. And the sky is plaid with purple, yellow, and green polka dots.

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