A wide array of statistics and policy actions were reported this week that failed to satisfy the gloom and doomers. Economic statistics, while weak, are generally not falling off a cliff, and continue to support my view that we can avoid an economy wide recession. It’s still too early to declare victory over the gloomy ones, but many parts of the economy are looking stable, and in fact, looking up.
"On April 10th, Senator McCain stated that the Bush Administration should halt oil purchases for the Strategic Petroleum Reserve (SPR). He makes a very good point. Over the last eight months…"
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