let me tell you one thing that makes me laugh...and laugh...and laugh my head off.
Turn the clock back 15-18 months and the resident economic report on CNBC told us, when monthly unemployment was running at 200K+, that the US would not be in a recession until monthly unemployment moved up to the 330K mark.
When unemployment moved up to this level, Steve on CNBC revised his piece by saying that the US would not be in a recession until monthly unemployment moved up to the 380K mark.
When unemployment moved up to this level, Steve on CNBC revised his piece by saying that the US would not be in a recession until monthly unemployment moved up above 400K mark.
I wonder what Steve spindoctor is saying today?!!!
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