On Economic Forecasting, Or, Notes From The Golf Tournament

Once a year the professional golf community comes to visit my neck of the woods, in the form of the PGA’s Champion’s Tour.

It’s an event that changes the character of the community in several ways: spectators swell the size of the town, there’s a media focus that usually doesn’t exist...and an actual, no kidding, traffic jam might develop—on a weekend.

It’s a great economic barometer, as well. Despite the efforts of the Professional Golfers Association (the PGA), there is a lot more of an upper-income demographic attending the tournament than there is a Happy Gilmore kind of crowd.

Which brings me to the point of today’s examination: what can we learn about the state of the economy from the perspective of the tricklers, as opposed to how it looks from the point of view of the trickled upon?

"No Way, No How, No McCain!" Day 2 Democratic National Convention Highlights (Videos)

Rachel Maddow is right. Hillary hit it out of the park tonight.

Hillary didn't just tell her supporters that she's supporting Barack Obama, she asked her supporters why they supported her (read WHY would you support John McCain)?

While it was anticipated that speakers would slam McCain, the hits exceeded expectations.

BAM!

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