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As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.
The bill for President Barack Obama’s 2013 tax increases comes due April 15, and the first boost in marginal income rates in 20 years is already reducing the U.S.
Tags » Great Recession
Most early discussions argued against econometric forecasting in principle:
- Forecasting was not properly grounded in statistical theory,
- It presupposed that causation implies predictability, and
- The forecasts themselves were invalidated by the reactions of economic agents to them. 848 more words
By Tom Stieghorst
Cruise lines are returning to TV advertising for the first time since the Great Recession in 2008, giving agents hope that pent-up demand will be stimulated by the media blitz. 727 more words
Plenty of people warned of dark days ahead. An essay anyone can read with profit is Ross Levine’s "An Autopsy of the U.S. Financial System: Accident, Suicide, or Negligent Homicide? 493 more words