See also, "U.S. Economy Picks Up Steam: Fourth-Quarter Growth Rate of 2.8% is Fastest in 18 Months, but Doesn't Appear Sustainable."
PREVIOUSLY: " The Economy Still Sucks and It's Not Likely to Surge In Time to Save Barack Hussein," and "The Economy Still Sucks Democrat Donkey Dongs, No Matter What Islamo-Socialist President Barack Hussein Says Otherwise."
1 comments:
I suppose the everyone, with the exception of anyone with even a passing familiarity with modern empirical macro, is surprised to learn that some processes are in deed unit-root and not trend-stationary. Though, the people who aren't surprised are, not coincidentally, the same people who have advocated for interventionist monetary and, occasionally, even fiscal policy.
It seems rather implausible that the writes at WSJ are so naive. Makes me wonder about their motives and their journalistic integrity.
Though, clearly, you can fool some of the people all of the time.
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