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Friday, April 04, 2008

America's economy: "Still Fabulous" 


I stand regularly and fairly accused of being a cheerleader for the American economy. Did you gloomsters ever think I might be right? If you are among those worried about the strength of America's economy over the long-term, read John Wixted:

Yesterday, a reader challenged me to assert that America's economy is still fabulous, so I'm doing just that. America's economy is, indeed, fabulous, and it's not even a debatable point...

[W]e may again have a recession because lending practices got out of hand and too many people opted for mortgage-based investments. The result will be a period of slow growth (and possibly a recession) superimposed on a relentless economic juggernaut that has no equal anywhere in the world.

There are lots of graphs and factoids, so read the whole thing and revel in the land of opportunity.

2 Comments:

By Blogger antithaca, at Fri Apr 04, 01:36:00 PM:

I love his blog. Non-conformist opinion backed up with, er, facts. Who knew!?  

By Blogger Assistant Village Idiot, at Fri Apr 04, 11:43:00 PM:

Even our hard times are prosperous.  

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