VodkaPundit Says Buy -- Another Round

Reuters (Motto: “One Man’s News Agency Is Another Man’s Oversized Cold Sore”) reports Treasury Secretary Paul O’Neil says the US economy is out of recession, never was in recession, we never seen that recession before, and we were only holding the recession for a friend.

I hate to say this, but O’Neil is right — we never did have two consecutive quarters of decline. The only contraction was in the third quarter — the same as when our financial center was destroyed. We had the wind knocked out of us, but kept on running. Or at least walking briskly.

O’Neil predicts 3-3.5% growth for 2002, but I’d bet a little higher. 3.5-4.0%. Seriously. If you can find a cheap index fund…