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A Fit, Start Or Shoot? Another Pundit’s Reading of the Latest Economic Tea Leaves
The latest interpretation of the usual economic indicators by the economic big wigs suggest conflicting trends in the health of the world’s economy. Fed Chair Ben Bernanke, in his May 5th testimony before the Joint Economic Committee, cryptically described the recent economic activity as a series of “fits and starts” and “green shoots,” providing little confidence in future growth and even less confidence in Bernanke’s understanding of the mercurial conditions pervading the economy.
Wasn’t it a Bit Like Now?President Eisenhower once said, “Things are more like they are now than they ever were before”… years later, President Ford misquoted him. Mine that Bird could do for America today what Seabiscuit did in the 1930’s.
