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Where the heck is the economy? Who knows.

Publication: Mississippi Business Journal
Publication Date: 25-OCT-04 		Format: Online - approximately 956 words
Delivery: Immediate Online Access
Full Article Title: Where the heck is the economy? Who knows.(As I See It)

Article Excerpt
Understanding the economy is tricky, at best. Having said that, the current economy is unusually tricky, even for an economy.

In attempting to manage this business, I have had a hard time understanding where we are in the economic cycle over the past few years. Are we in a recovery and, if so, why doesn't it feel like a recovery? Does the recession persist? Why is unemployment as high as it is if the economy is expanding?

Although the economy can really only be understood with hindsight, I got some insight into what's going on recently at the 11th-annual Mississippi Economic Outlook Conference, which is conducted by the Mississippi Institutions for Higher Learning. There were presentations covering the major aspects of the state's economy and I won't try to summarize all that was said. Rather, I'll pick and choose some tidbits that...

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