I am becoming frustrated by economic journalism. This article by the Guardian’s Kathryn Hopkins is misleading, inarticulate, unbalanced, and just plain negative. And i don’t understand it. The US economy hasn’t shrunk annually by 6.4% you silly dunderhead. The US economy shrunk by 3.5% in one quarter (I think) but grew annually by 1.3%. This is hardly the end of the world. Plus what has this 3.5% figure got to do with 1982 and the hyperbole ‘worst in 26 years?’.
This is the worst headline article I have read since the 6th quarter of 1989!
http://www.guardian.co.uk/business/2009/jan/30/us-economy-in-recession
And what is worse than a Guardian dunderhead? A Melboure Age parrot. Here it is again in Melbourne. Monkey see monkey do. (link).