Chapman Experts: Viewing a Crystal Ball?
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Chapman University economic experts proclaim that the recession is over in Orange County (“Chapman Experts Say O.C.’s Recession Is Over,” June 19). It ended in mid-1991, in case you didn’t notice.
Of course, in the Business section of the same paper, UCLA says California has yet to begin a recovery (“Riots Worsened the State’s Slump”). “While the halting recovery continues nationally, California still seems firmly mired in its recession,” (says) David Hensley, director of the UCLA Business Forecasting Project.
I have a strong feeling that the Chapman University computer model of the Orange County economy looks a lot like a crystal ball. Maybe those guys should leave the protection of their ivory tower for a while and get a real job in Orange County.
ROBERT C. HARRISON, Laguna Beach
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