Market Reflections

Thoughts, ideas and musings on current state and evolution of financial markets

Dumb or Dumber. Current State of the Economy

Raymond | May 18, 2009

They do pull out all stops to make us believe the worst is over. Latest from Peter Orszag Obama’s budget director “Economy almost bottomed out”
Does this chart look to you as the economy has bottomed out?

Orzag’s, Bernanke’s, Geithner’s, … etc recent statements raise a different question: are they really dumb … or they think we [...]