Sunday, September 25, 2016

Steve Hayward of Powerline Continues to Be an Economic Jackass

     Today, Steve Hayward of Powerline wrote a blog post titled, The Economy in Pictures.  He uses a whopping 4 graphs to argue that the economy is near a recession.  You can stop laughing now.  
     Over at I have a post that uses 18 different indicators -- and these are indicators that have a long track record of being accurate predictors of economic activity -- to argue that we're still looking at a modestly growing economy.  

     Once again, we have Steve Hayward proving that he's an economic jackass of the highest order. But on a good note, we can also start to argue that he's a great contrary indicator: do the exact opposite of what he does and you'll make out like a bandit in the market.