It may be time for me to finally start thinking more positively about the economy.
Robert Z. Aliber, who foresaw the devastation the housing bubble would wreak, predicts economic growth may average as much as 5% this year. Growth in the nation’s gross domestic product, reported today, fell far short of that for the fourth quarter of last year – at only 3.2%. But it is growth nonetheless and Aliber explains why things can get better.
Aliber is a professor emeritus at the University of Chicago who once worked beside economics icon Milton Friedman, and he has just published a new book: “Your Money and Your Life: A Lifetime Approach to Money Management.”
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