Monday, September 10, 2001

Economists cut 2001, 2002 outlook: poll - Sep. 10, 2001

Quote: "The U.S. economy will grow at a slower pace than previously thought but a recovery from the yearlong slowdown is likely to come by the end of 2001, a panel of economists said Monday."

Well, even though their conclusion might actually be legitimate...

What the hell else are they going to say? That we're totally screwed? If they knew that the economy was going to crash and burn like the Hindenburg, do you really think that they would tell us? Seems to me that if that kind of news was released, that would cause a bit of a panic, huh? People cashing out mutual funds and stocks, consumer spending drops to a trickle, and tourists decide to stay home. Then the economy would really go to shit.

So it's nice of them to say that the economy will recover, but I hope they don't mind if I take their conclusion with a hefty grain of salt.


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