Well, that nasty "R" word that’s been on the tip of everyone’s tongue for the last few months has finally slipped out: The U.S. is now officially in a recession. Not as bleak as it sounds, since we’re expected to pull out of it by July 2002, but it helps to say these things. Admitting you have a problem is the first step twoards recovery. ^_^
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chew on this, Beavis! A vast majority of macroeconomics is worthless. Unemployment rate, for example, is either 100% or 0%, and truly only affects the individual out of the work loop. To the individual person, he or she isn’t 4.7% unemployed.
and that’s all for my (un)wise words of today.
ciao
I had been dunning igor to check out the site for some time. I should have expected a posting like this, however, he never ceases to amaze!!