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Fed’s new five year plan: World will be perfect

February 18, 2009

fed-sealThe Federal Reserve made a dramatic change in procedure today. In their quest to provide more “openess and transparency,” the Fed now provides their “long range” (five to six year) forecast for US economic performance. Click here for the official Fed release.

The first Five Year Plan was released with their Monthly Minutes at 2:00pm today. The results:

Real GDP: 2.5 to 2.7 percent
Unemployment: 4.8 to 5.0 percent
Inflation: 1.7 to 2.0 percent

Upon reading the forecast, Rocky was tempted to aggressively buy stocks, real estate and US dollars for all of a yoctosecond. Instead, he put his phone down, and devised his own five-year forecast with a probability of accuracy no worse than the Fed’s.

1) Global peace.
2) End of famine.
3) Dow Jones 36000
4) American Idol is canceled by Fox Broadcasting.

It’s good to be an optimist.

  1. Cubbie
    February 18, 2009 at 8:14 pm

    Rocky: You forgot to include in your forecast that the Chicago Cubs will win the World Series.

  2. A Fan
    February 18, 2009 at 10:40 pm

    I’m working on my forecast for next quarter at our company but neither I nor any of the analysts that I talk to can see that far ahead.

  3. February 18, 2009 at 10:46 pm

    To A Fan:
    Rocky just bought a new pair of non-prescription reading glasses at Costco for $7.99. That’s the secret to his good vision.

  4. February 19, 2009 at 10:39 am

    Nice post! Keep it real.I have looked over your blog a few times and I love it.

  5. masteroftheuniverse
    February 19, 2009 at 8:08 pm

    You forgot rainbows, lollipops and unicorns:)


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