The real economic story

By Dick Morris And Eileen McGann
Harry Truman, frustrated by economists who couched their opinions by saying “On the one hand?but on the other hand,” wanted a one-handed economist. I’ve got one. James Fitzgibbon, director of the Highlander Fund, has been spot on in predicting the course of economic events for the past three years. As each estimate of GDP growth came in, I would e mail him and he would explain that the growth rate was materially overstated and then explain that it would soon be adjusted downward. And it was. He has been accurate in predicting a long, long term recession with only a few “false dawns” for recovery.
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