Wall Street Journal Crashed-and-Burned-and-Smoking Watch (Jonathan Weisman Edition)
Mesdames et Messieurs, Faites vos Jeux...

The "Two Nations" Outlook: Real GDP and Unemployment

From Christy Romer's JEC testimony:

Romer JECTestimony_October22-final.pdf (page 10 of 22)

Romer JECTestimony_October22-final.pdf (page 9 of 22)

My hunch is that both real GDP growth and unemployment are likely to be somewhat higher than today's blue-chip forecast predicts.

Two nations; between whom there is no intercourse and no sympathy; who are as ignorant of each other's habits, thoughts, and feelings, as if they were dwellers in different zones, or inhabitants of different planets; who are formed by a different breeding, are fed by a different food, are ordered by different manners, and are not governed by the same laws...