Thursday, May 31, 2007
Headline of the week
Weak growth figures not cause for panic, experts sayAnd it is followed by the irrational exuberance of economic experts doing what they are told.
Government statistics released Thursday indicate that U.S. economic growth ground to a near stop in the first quarter of 2007, a sign that's often interpreted to mean recession is lurking. Most economists don't think the sky is falling, however, and believe a strong rebound is already under way.And they are positive that green cheese will be found on the moon.
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