This is a reposting of part on of an article I published on my blog in October of 2007, over two years ago. Enjoy!
Anyone advocating for war to help our economy is mistaken.
Zero Hedge, in collaboration with David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates, Inc., is pleased to release the attached analysis "The End Of The End Of The Recession"
And I thought the Sanford letters were going to be the funniest thing posted here this afternoon. Oops...
The San Fran Fed continues to voice a dissenting tone from the Ben Bernanke Inflation Party Line. Authors Weidner and Williams try to reconcile the lack of major deflationary pressure borne by significant unemployment. Their conclusion: the output gap is the likely variable, and could potentially be less then estimated by the CBO.
Or so the government says... even with minimal background knowledge, it's not too much of a reach to call BS.