Friday 10 June 2011

Economy's "I-Told-You-So" Naysayers Reunite

Caroline Baum, Bloomberg
An object in motion remains in motion with the same speed and in the same direction unless acted on by an external force. When Sir Isaac Newton described the behavior of objects in the universe, codified as the first of his three laws of motion, he didn’t have a $15 trillion economy in mind.But the same principles apply, which is why the growing buzz about a new slide in the U.S. economy is misplaced.

Source: http://www.realclearpolitics.com/2011/06/10/economy039s_quoti-told-you-soquot_naysayers_reunite_257096.html

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