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kass_rants
05 May 2008 @ 09:41 am
Monday Morning Economics Quickie  
The unemployment figures came out on Friday. 5.0% The predicted figure was 5.3%. The real number was better than expected. That is good.

This morning, the head of Merrill Lynch said the only scary thing in our economy right now is a consumer spending slowdown. If people on the street get scared and change their spending habits, we will go into a recession. The numbers are good. We're slowing down, but we aren't going backwards. We can achieve a "soft landing" if we keep our heads.

So you can help. Just don't change how you live. Do things the way you normally do. Just go about your daily lives normally.

All will be fine. Don't listen to the doomsayers.