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Originally Posted by KMA-628
Sometimes I don't get it.
People with little or no training or education regarding economics: "the economy is bad!!!"
People who spend their life studying economics and interpeting data: "the economy is looking up!"
So, for the same year, with the same data, who is right?
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KMA - enjoy your posts, even though I think we end up with different conclusions. In regards to the above statements, they could easily both be valid in that our economy is still not at a level to be considered good, but we had a much better year than 2003, despite loose fiscal policy. This would make sense that somebody with less knowledge would be focused on a single economic state today ($$ on hand), while an economist has the luxury of evaluating trends and thinking about quarterly and annual measurements. I also don't know that one is more right or true than the other because they are concerned with very different results, micro and macro if you will.
Most economist who don't have an agenda tied to either political party (I know, you have to go to Europe to find one) tend to be very "wait and see" because of dollar valuation, and G.W.'s Reform Tomorrow reputation. I just know for fact that I have to sell 20% more product internationally this year than I did last year just for my company to break even - and that is a huge burden on all corporate America. We have to get our monetary strength back - quickly.
I don't know what the speech Pan has by Henry Ford is going to say, but I was taught it means we have to lower our debt and tighten policy by letting Greenspan do his job without compromising the integrity of his authority for better poll results in the Bible Belt.
