NPR reports that: “Now, as the year’s second half begins, most economists are saying the worst of the recession is over, and that slow growth will begin in the fall.”
I was going to insert a sarcastic comment about how these mainstream economists all predicted the bust, right? Or maybe a comment about how NPR works full time for the Obama administration. But it’s all too obvious at this point.
Anyway, short-term optimism needs to deal with this reality: