Tuesday, December 02, 2008

10,000 out-of-work economists, and they pick this guy

This morning I listened to a financial analyst give his projection on the economy. Perhaps it was his use of the term "money heaven" that turned me off on him. But it occurred to me that it might be nice if he had some understanding of economics (e.g., credit vs. velocity, which he confused) before announcing on national television that things were going to get a lot worse before getting any better.

mw

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