Dec 9, 2007

Mike Schenk on the economy: "A lot can go wrong and we'll still be OK"

We tend to look at fundamentals, but it's not always the fundamentals that push us into recession... We have such a large, diverse, vibrant economy . . . a lot can go wrong and we'll still be OK.

~ Mike Schenk, vice president of economics and statistics at the Credit Union National Association, "Fed, Economists Have Trouble Spotting When Recessions Start," Investor's Business Daily, November 26, 2007

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