Whistling past the Graveyard
Here we go again, folks. This time it's CNN, but you can pick up this cheery, breathy forecasting foreplay on almost any front page in the country.
Economists: Recovery is firmly on track By Chavon Sutton, staff reporter NEW YORK (CNNMoney.com) -- Leading economists are upbeat about the U.S. recovery, forecasting steady growth over the next two years as businesses grow and jobs return, according to a survey released Monday. "We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets," said Lynn Reaser, president of the National Association for Business Economics, which conducted the survey of 48 top economic forecasters in late January and early February.
And it may well be firmly on track, but the track is headed into the station at full throttle. These 'seers' and sayers of sooth are the same dudes who cheer-led at least three bubble economies and are now hip-deep in a fourth. Put down the fiddle, boys. Nero's alread…