Last week I posted about Tom Blummer’s horrible economic predictions.

Last November he claimed the economy was actually quite strong and growing. He predicted we would avoid the coming recession and see strong job growth in 2008.

Funny thing…

A a new report says the US economy has been in a recession since last December. Right around the same time Tom was making his predictions.

And how does Tom Blummer respond to this report?

He denies it.

Instead of admitting he was wrong and moving on, he attacks the report and the people who produced it, the National Bureau of Economic Research.

According to Tom, the NBER is “officially full of crap, and should once and for all become a national laughingstock” because their definition of a recession isn’t the same as “the normal people definition” of a recession.

It’s so weird because I was just about to say exactly the same thing about Tom.

  • It’s gone beyond laughable to the bizarre this bizziness.



  • I went to the NBER website and checked the about page. They are a non-partisan group that has been around since 1920. 16 of the 31 Nobel prizes in economics have been awarded to people who did research for NBER. He does not like their definition of recession. I don’t think Tom is good with definitions. He obviously does not understand the definition of “laughingstock.”

  • J-Dog

    …in a seemingly unrelated side note, Blumer today put an extra $100,000 down with an Atlantic City bookie for the Browns as Super Bowl champions for 2008-09.

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