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By Peter Pike December 11, 2008 Need a good laugh? Read one of today’s news headlines: Deficit Could Hit $1Trillion in 2009 Now, read some of the headlines of U-K’s resident economics professor Ed Abraham – pedantically posted over the previous two years:More Good Economic News Bush And The Economy: Why So Negative? The Economy Sizzles; The Media Ignores It How Good Is The Economy Under Republican Rule? Funny stuff, eh? How about a choice quote from Ed’s prescient article An Economic "Trainwreck"? : “For the record, the economy is not
nearly in the dire predicament painted by the Democrat presidential
"candidates" (and I use the term loosely). Inflation is low, interest
rates are low, money is readily available, consumers continue to spend, and
even the unemployment rate is within historical norms. Home
ownership levels are at an all-time high. Since one would assume rich people
always own a home, this ownership growth comes at the entry-level end of the
market. In addition, the stock market--a prime indicator of economic
confidence--is up significantly.” It’s no small wonder Mr. Ed has disappeared from the
U-K scene. He’s obviously
packing up for his trip to ------------ About the author: Peter Pike resides in Colorado which is far, far away from Cleveland. Email: peter@peterpike.com Comment on this article here! ------------ All articles are EXCLUSIVE to Useless-Knowledge.com. Please link to this article rather than copying and pasting it onto your site (which would be unauthorized and illegal). |
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