Experts having a Blonde Moment


	Experts having a Blonde Moment

Blue-moon

5-13-2008 12:23 PM

120 views

tags:

economy, recession, experts

Blue-moon says:

Secret Service "Experts" not knowing that the 9/11 nightmare was about to happen, Economic "Experts" who could not (and still can't) see that we are on a financial greased pole - the list goes on. If truth is known, it was "Experts" that caused all of this financial turmoil in the first place.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2184bc7d-859b-45a3-913c-f0aebde0508e/5A8EFD35-E961-4613-937D-86CF2110AAC3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html" href="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html" style="font-size: 11px;">commentisfree.guardian.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html"><H1>Wrong then, wrong again</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html"><P class="standfirst">The same economists who failed to spot this year's financial meltdown are now predicting that everything will soon be fine</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html">The economists are telling us that everything is going to be fine. It seems that <A href="http://www.forbes.com/markets/feeds/afx/2008/05/12/afx4996768.html">the worst is behind us</A>. The credit crunch is over, the <A href="http://in.reuters.com/article/marketsNewsUS/idINN0836895520080508">tax rebate cheques are in the mail</A>, the <A href="http://www.fxstreet.com/technical/market-view/daily-analysis/2008-05-12.html">dollar will stop falling</A>, and the economy is now <A href="http://www.bloomberg.com/apps/news?pid=20601103&sid=a2RIEkkYQgNs&refer=news">expected to pick up</A> in the second half of the year.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html">If you like your home, it may be worth paying off a $400,000 mortgage on a house that is currently worth $380,000. This sounds like a much worse deal if the mortgage is $400,000, but the home is worth $250,000,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://commentisfree.guardian.co.uk/dean_baker/2008/05/wrong_again.html"><P>Of course, the economists who most of the media rely upon to inform the public don't <A href="http://online.wsj.com/article/SB121019473822674751.html?mod=googlenews_wsj">see any of these problems ahead</A>, just as they didn't see any problems ahead at this time last year. But those of us who learned our grade school arithmetic know that we can look forward to serious economic and financial troubles ahead. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5A8EFD35-E961-4613-937D-86CF2110AAC3/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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