Wednesday, March 31, 2010

A self-sustaining economic expansion

Consumer confidence is up, and the upcoming jobs report is expected to be the most positive in many months.

Why can't these economists just admit that things are looking good? I asked Ronald McNeil, the dean of the business school at the University of Illinois, Springfield.

Ronald McNeil: When you're in the money, you can make mistakes and get away with it. The degrees of freedom are greater. But when you're not quite in the money -- caution, care, all of that goes into the mix.

McNeil's comments were featured in a March 30, 2010, report on American Public Media's Marketplace.

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Listen to the report online