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October 27, 2005

Thursday Cowbell: Economy Projected To Grow At Nice 3.25% Rate

Not golden diapers, maybe, but sterling silver ones at least:

The U.S. economy is on course for a "soft landing" and steady growth of 3.25 percent next year, the OECD said Thursday, but the federal budget deficit and soaring oil prices still pose risks.


"Despite higher energy prices, the expansion has continued at a solid pace, driven by private domestic demand," the Organization for Economic Cooperation and Development said in a report.


"Although such a soft landing is the most likely outcome, there are some risks," the report added. "With little economic slack left, inflation could continue to pick up, in particular if oil prices keep rising."

And that rosy projection comes from Paris. So, you know those douchebags docked us at least .25%.


posted by Ace at 02:30 PM
Comments



I hear a lot of people worrying about inflation.

Though some of that comes from the "own gold!" pushers, who I trust less than people selling time shares or narcotics.

Posted by: Village Idiot on October 27, 2005 02:32 PM

A soft landing? What are they talking about? Consider that it would need to be a soft landing because the economy was growing at a rate well in excess of 3.25% before the Gulf Coast and Florida decided to get in the way of Hurricanes Katrina, Rita, and Wilma.

In other words, the economy was doing just fine before the natural disasters hit, and we're now seeing a modest slow down because people and businesses got displaced, etc.

/hates economics

Posted by: lawhawk on October 27, 2005 04:29 PM

Speaking of cowbell, have you seen the More Cowbell! list at the iTunes store?

Posted by: Kevin on October 27, 2005 06:43 PM

Me like munny. Munny good.
The unempyment wood be lower if the lazy assholes wanted to werk and get off there fat asses.

Posted by: spurwind plover on October 27, 2005 10:08 PM

Ahh yes but on a side note its still getting worse for poor people. But I guess because certain individuals are getting richer while the rest of the people are getting poorer THATS A GOOD THING! NOT!

*shakes head* You people truly amaze me at how ignorant you are.

Posted by: AlanB on October 27, 2005 10:37 PM

What? Is it fucking useless talking points day?

Alan, do you have a shred of evidence for your claim, or are you pulling it out of your "Talking Points for Trolls" book?

Posted by: Edward R. Murrow on October 27, 2005 10:50 PM

But I guess because certain individuals are getting richer while the rest of the people are getting poorer

I'm good.

Posted by: Dave in Texas on October 27, 2005 11:32 PM

*shakes head* You people truly amaze me at how ignorant you are.

Awww...aren't you so cute with the condescending attitude? Makes me just want to pinch your little cheeks (the ones on your face, mind you) and give you a cookie.

Posted by: Slublog on October 27, 2005 11:35 PM

"Alan, do you have a shred of evidence for your claim, or are you pulling it out of your "Talking Points for Trolls" book?"

I'll say this just once. Just once.

WAKE THE FUCK UP. Get out of your damn bubble.

Posted by: AlanB on October 30, 2005 10:35 PM
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