"Predictions and explanations are symmetrical and reversible."

- Karl Popper via George Soros

Tuesday, October 14, 2003

Letter: Tuesday, October 14, 2003

The PI

THE ECONOMY

Someone is dealing in purposeful deception
For the first time in six months, there was not a minus sign in front of the job-growth number. And the stock market is up. Still, after throwing trillions of dollars at the economy, a good chunk of it in the form of tax breaks for wealthy stockholders, you'd think we would get a little better headline than "Market to be static for the rest of the year."

We were promised a lot better by Bush & Co. Is this another case of purposeful deception? Strength in the U.S. economy is as hard to find as WMD in Iraq.

Alan Harvey
Seattle

No comments:

Post a Comment