Some people have it wrong some of the time, some people almost always have it wrong almost all of the time. Kaletsky almost always has it wrong almost all of the time and seems to think it’s quite amusing and yet The Times retains him on its staff as an “economic expert”. Doesn’t the man feel any shame at all?
So I stick to my guns in believing that a “roaring” US recovery is already under way. Unlike most other analysts, who believe that the strong fourth quarter will prove just a temporary aberration to be followed by a long period of sub-trend growth, I expect US growth to remain around 4 per cent throughout 2010, making this the strongest year for the US economy since the 1990s.
Now it’s only fair to mention that Kaletsky is a rabid Bilderberger and therefore he’ll do anything to support Europe and support the Fed and maybe that’s why he’s retained at The Times. There’s no other reason I can think of. Oh, if you need a forecast from an actual economist and an American to boot, try this:
The BEA’s numbers are a fantasy and as such so are claims of “economic recovery.” The facts are found in the sales tax receipts and labor participation rate.
America slides deeper into depression as Wall Street revels. December was the worst month for US unemployment since the Great Recession began.
Just what game is Kaletsky trying to play?