Economy’s I-Told-You-So Naysayers Hold a Reunion: Caroline Baum
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June 10 (Bloomberg) -- An object in motion remains inmotion with the same speed and in the same direction unlessacted on by an external force. When Sir Isaac Newton describedthe behavior of objects in the universe, codified as the firstof his three laws of motion, he didn’t have a $15 trillioneconomy in mind.
But the same principles apply, which is why the growingbuzz about a new slide in the U.S. economy is misplaced.