Some notes on the economy


The Bank of America‘s Economic Research Division released a report on Wednesday. They worked pretty quickly (IMHO) to produce gems like, “The economy, which had been experiencing anemic growth prior to the terrorist attacks, is expected to be negatively affected in the short-run,” and, “Consumer spending will weaken from its earlier forecast 2.5% annualized growth pace in 2001Q3.” This is fascinating stuff if you are interested in how our nation’s finances work.

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