Monday, August 16, 2010

Singing Economist

Here is economist "Merle Hazard" (aka Jon Shayne) singing a ballad to explain the current economic situation...

It is sure pleasant to sing your way right into the Poor House. Nothing like a catchy tune to ease the pain!

A serious addendum: I don't expect a double dip recession in the US. But the "recovery" is so weak that it will feel like the economy has slipped into another recession. Growth won't be good enough to pull people out of unemployment. So... nope, it won't be a "double dip" recession, but it will be a Japanese-style "lost decade".

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