Top Indicator Said to be When Economists Start Getting Fired
An elite group of economists has put together seven reliable signs the country is facing a recession. Heading the list is when economists start getting fired.
The next most frequently cited indicator was President Bush going on TV and saying the country is not in a recession.
Other signs include:
- The Fed bailing out Bear Stearns.
- The Sharper Image filing for bankruptcy.
- The stock market failing to respond to the Fed’s stimulus.
- Waitresses getting horses as tips.
- People getting paid $4000 to get malaria.
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“Do they call it the ‘dismal science’ because things aren’t going well?”
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