Albert,
re: well, if AG would suggest that rates maybe cut again we are in real trouble.....
Well, the economy is growing, no inflation, productivity up, low interest rates, relatively low unemployment.
I remember "real trouble", with double digit inflation, high unemployment, uncompetitive US products, mortgages at 13%. I think, because of the high growth 90's, this on and off recession feels worse than it is.
Who knows, maybe all the doomsayers are right. 10,000 economists can't figure it, why should you or I even try.
John |
