The New York Times leads with a look at how a growing number of economists now believe that current economic woes aren't going away in the near future as tight credit and trouble in the job market could continue until late next year.
Hey! Look! Shinola! Let's step in it!
No, no, that was definitely shit. Not shinola at all. Really shouldn't have stepped in that.
I mean, we let economists call themselves scientists because they're supposed to have predictive models. I'm pretty sure that without a predictive model, you're not a scientist. So... shouldn't this number have grown between 1997 and, say, 2002, and just been holding steady since then? Well, OK. Maybe into mid-2003. But, by a few months after the Invasion of Iraq, everything that's hurting us now was in place. Economists should have been predicting disaster then, when we could have mitigated it.