"Economists predict slow growth through 2011 for Massachusetts and New England"
Gee, I heard things were going great yesterday.
"Stocks rise sharply as gloom lifts a bit on Wall Street"
Oh, they were -- for the richers!
And don't worry! The Times says it's not so bad.
A Close Look Reveals Silver Linings in the Economy
"As long as the financial system doesn’t have a major meltdown, none of these developments will turn out to be as bad as you think. Some of them are downright welcome.
Too often, we think about the economy without nuance. We treat it as a local sports team that is either winning or losing, up or down. We’re always supposed to be rooting for stocks and homes to become more valuable and for oil and overseas vacations to become more affordable.
But that’s not quite right. There are real downsides to an economy full of expensive assets and inexpensive resources. There are also a lot of people who are better off because of the recent turmoil. You may well be one of them."
Ummmm, no I'm not, asshole!
"There is no question that people have gotten hurt this year. Many families have struggled to pay their bills. Others have had to delay retirement, and thousands have lost their homes to foreclosure. In an ideal world, the imbalances in the economy would never have become so extreme.
But once they did, what, really, was the alternative to the recent turmoil? An ever-higher stock market, ever-cheaper oil or an ever more insane mortgage market wouldn’t have solved the problems of the American economy. It would have made them worse."
Yeah, if you live in the Fed box!
And it's gonna get worse, anyway!
Even Bernanke says so!
Just another stinkshit elite at the NYT, folks!
