Thursday, January 5, 2006

Nothing but blue skies . . .

Waiting for a Soft Landing: "according to most forecasts, we're headed for a swell year -- though a boring one," writes Robert J. Samuelson in the Washington Post.

Then, he goes on to cover his ass, with this list:
Housing goes bust.
The dollar "crashes."
General Motors files for bankruptcy.
Oil jumps to $85 a barrel.
The "yield curve" of interest rates "inverts."
I tend to think Bush's economic policies are really bad for the country. A zero savings rate cannot be good. But, it is hard to foresee an economic crack-up any time soon. Still, there will be another Hurricane season, won't there?

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