How 'Bout Them Economy.(The Talk of the Town)(economic condition of the United States)

Publication: The New Yorker

Publication Date: 11-FEB-08

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COPYRIGHT 2008 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc.

Nobody knows anything, although some know-nothings know more than others. The economy is a stalwart, a shambles, or some combination of the two. The pronouncements and analogies fly: we've reached the end of a sixty-year cycle, or a twenty-five-year cycle, or a six-year cycle, or the end of nothing. It's 1929, 1969, 1981, 1990, 1997, or 2001 all over again. The closer you are to the markets, the gloomier you are, although the less likely you may be to suffer the consequences, and the more likely you are to act as though nothing were...

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