Why Journalists Can't Write About Economics...

The rest of the article has a few kernels of truth, but this may be one of the the stupidest paragraphs ever written on economics:

The U.S. economy, more so than other worldwide economies, is largely based on how investors and, ultimately, consumers, feel. Typically, we measure economic strength or weakness using the GDP, or Gross Domestic Product, which is historically thought of as the broadest measure of economic activity.

(Emphasis on the stupid is mine).

Consumer sentiment, of course, is one of the prime motivators of economic conditions in any economy. To pretend that the US economy is more sensitive than other economies to consumer sentiment is to profess not only an ignorance in economics, but an absence of common sense.

FAIL.