So you thought I was just pulling numbers out of my rectum with my earlier post? How about this:
Economy shrinks at fastest pace in 26 years
Specifically, look at this statistic:
With Friday’s figures, Mayland lowered his forecast for this year to show a deeper contraction of just over 2 percent.
Hmmmm, President Obama said it was only going to be -1.2% when most private economists were already saying -2.2%. Seems like President Obama is “ofer” in his attempt to prognosticate economic statistics. It’s going to take a lot of hope to think his forecasting prowess will improve anytime soon.
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