“U.S. companies won’t expand their businesses until they are sure the economy will grow, but the economy can’t grow unless businesses hire more workers and invest in new capacity, says Ethan Harris, chief North American economist of Bank of America’s Merrill Lynch unit and the top economic forecaster in July.”
The article continues:
“Harris and his team at Merrill won the July Forecaster of the Month award from MarketWatch, based on their predictions for 10 top U.S. economic indicators released during the month. He also won the contest in February.”
Let’s add a little dose of reality for Rex Nutting (the reporter):
1. Hiring workers does not mean your business will grow.
2. July Forecaster of the Month? Said with a straight face.
Please take Rex Nutting behind the tool shed to have his [blank] beat (figuratively of course) for pushing drivel.