Thursday, June 29, 2006

Economy Overheating!

Well, if you read the mainstream media, it's either overheating or in recession. Since growth was 5.6 percent in the first quarter, I guess it must be overheating. Next on tap: renewed fears of inflation.

The article also notes that growth is thought to have slowed to between 2.5 and 3 percent in the current quarter, so prepare for stories about fears of a new recession, on the heels of the inflation stories.

I estimate that the Bush administration needs economic growth of 3.672459127% in a quarter to get favorable press about sustainable, non-inflationary economic growth.

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