Anyone up for a doom and gloom economic forecast from the Center for Economic and Policy Research? I think that many people have the sense that we’re on an economic bubble of some sort, but the people who are driving up the stock prices apparently refuse to believe it. People have been predicting the burst of the bubble for years now, but nothing has come of it. The stock bubble appears to have been shrinking for the better part of this year, so maybe a really severe recession can be avoided. I don’t know what the ideological bent of the think tank that wrote the paper is, but one should always keep in mind that these institutions are funded by somebody, and they usually have an agenda, even if they don’t publicize it.