Vital economic signs

The Washington Times ^ | October 11, 2007 | Donald Lambro

[expat_panama]

The American economy, God bless it, isn't listening to all those doom-and-gloom predictions that we are marching headlong into a recession before the end of the year.   The professional pessimists who persistently peddle their predictions on the network news and business shows have been warning us all year that the economy is headed toward the cliff. Many of them were at it again this week — hoping against hope their cataclysmic forecasts will come to pass. 

The lead economic story in The Washington Post Sunday began this way: "The economy is slowing, the dollar is falling. Wall Street is laying off workers. Defaults by homeowners are rising. Corporate buyouts have lost momentum." A CNBC pundit was eagerly predicting "we are heading into a recession"...[snip]

[expat_panama]

First the falling trade deficit and now this.

Maybe mass layoffs of "professional pessimists" will have an impact in this months employment figures...

[Mase]

First the falling trade deficit and now this.

When will it all end? Stop the madness!!

Those professional pessimists are the same ones who've had their money in their mattresses for several years now. I wonder how that's working for them?

[Toddsterpatriot]

That would be nice.