Saturday, August 21, 2004

Stupid Headline Watch I: New York Times

by Tom Bozzo

An Oil Shock That Could Be an Economic Stimulus in Disguise (page B1, Midwest edition)

I guess I must have missed macro class that day. In fairness to Eduardo Porter, the author, the piece is no worse than any other workmanlike effort attempting to show why the effects of the oil shock really won't be so bad.

Via Gretchen Morgenson, Morgan Stanley's Stephen Roach is more rationally pessimistic.
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