Oil and the invasion
Apparently, the tree huggers now refer to themselves as the progressive community. And, the progressive community is reporting that attacking Iraq will cause a World Recession. This was reported back in August. Now, EIU is reporting the same thing. It’s all of course based on oil prices.
I take issue with economists in general. See, they never produce results. They rarely actually predict recessions, depressions, or economic indicators. And any political candidate can always seem to find an economist that supports that candidate’s view. They’re opinions-for-hire, so to speak. Yet, when economists get on the horn and shout ‘the sky is falling’ peoples’ investments start to tank. Economists should maybe display a bit more care and do some actual analysis to support their forecasts. Bah!
