… never met.
So, I was driving into work and listening to NPR’s local financial report, given by Dr. Rick Harper of UWF. He and the host were talking about the upcoming jobs report (not released at that time). Dr. Harper said that we can expect about 8 thousand jobs to have been lost in December. He has doctorate in economics from Duke and I assume does a little research ‘fore he speaks.
Here is the deal… The Drudge report puts up the headline when the report came out:
We lost 85,000 jobs in December… 10 times what the good professor predicted.
I have noticed that the expectations of our leading economists are often skewed from reality. It is as if they don’t understand the effect raising people’s taxes, pushing a take over of healthcare and the potential cap and trade fiasco has on the thing they have studied.
What do they teach them up at Duke?