I am so upset with Brian Lehrer in his broadcast today (look at the segment HERE).
Forget about the fact that I waited patiently on hold for over 38 minutes before he chose to not go to any listeners.
His question? How will we know when we are on the road to recovery.
His guests? Dean Baker, co-director of the Center for Economic and Policy Research; Nariman Behravesh, chief economist at financial analysis and forecasting firm IHS Global Insight and author of Spin Free Economics; and Marisa Di Natale, senior economist at Moody’s Economy.com
Let's just say I was underwhelmed. At one point Dean Baker told Brian that the recession would stop this year(unemployment would take to the end of the year to level off...).
Of course, in his scenario, he presumes that everything on wall street will be 100% rosy.
This kills me.
3 years ago I started this blog because I predicted this economic crisis.
2 years ago I started coming up with ideas to prevent and minimize the problems with this 'depression 2.0'.
Since last year, I have been looking for an audience (I have a life, I can't post this everywhere...)
And among others, I forward posts from this blog to people at my home NPR station, WNYC in NY.
Where the response to my posts have been less then stellar. Either I am 'automagically' moved to their spam box, or the fact that I have no professional background in economics disqualify me from having valid opinions on this subject.
But the fact remains.
My predictions have been validated (even by real economists, and even Presidents.)
My predictions for saving the nation (based on the original 'new-deal') will change and improve our entire country.
My (personal) batting average for 'long term prognosticating' (or being a 'visionary').. is pretty good (see here on the blog).
So why am I still upset?
Even today, these so called experts keep feeding us lies. Everything will be OK. The economy will recover immediately.
I wish I could say I was just paranoid. It's more than that. You'll see in 6 months, that the consumer debt made into CDO's (see here: ) are going to cause VERY very bad pain.
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