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 
antithaca, at
Fri Apr 04, 01:36:00 PM:
I love his blog. Non-conformist opinion backed up with, er, facts. Who knew!?
By Assistant Village Idiot, at
Fri Apr 04, 11:43:00 PM:
Even our hard times are prosperous.
