Tuesday, January 29, 2008

The U.S. economy is fine (really) -Brian Wesbury, AWSJ

A rarity! I found an article entitled "The U.S. economy is fine (really) in the Asian Wall Street Journey dated January 29, 2008 by a man named Brian Wesbury.

He starts out by saying "It is hard to imagine any time in history when such rampant pessimism about the U.S. economy has existed with so little evidence of serious trouble."

Among all the dark rumors surrounding the U.S. economy, its hard to find a guy saying such relatively positive things on the subject these days. But he's not the first person I've heard saying something like that. Just yesterday, CNBC had a headline implying that the U.S. is talking itself into a recession. Wellety wellety wellety. The prophets of doom theory sounds quite logical to me.

n.b. Tom Blummer of News busters noted the same article by Brian Wesbury and posted snippets on his blog.

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