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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: CalculatedRisk	8/25/2005 11:46:08 PM
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Summer of Our Discontent By PAUL KRUGMAN nytimes.com EXCERPT: For the last few months there has been a running debate about the U.S. economy, more or less like this: American families: "We're not doing very well." Washington officials: "You're wrong - you're doing great. Here, look at these statistics!" The administration and some political commentators seem genuinely puzzled by polls showing that Americans are unhappy about the economy. After all, they point out, numbers like the growth rate of G.D.P. look pretty good. So why aren't people cheering? <MORE>

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