Crystal Ball Knew About Recession??
A reader of the News & Observer observed that a "letter-writer criticized Wake County schools for missing the mark on 2009 enrollment forecasts, which were used as a basis for the 2006/07 bond referendum. Somehow (back in the day when the Dow was approaching 12,000, the school system was growing by 6,000 students per year and unemployment was half of what it is today), the school system was supposed to forecast our current recession and the effect it would have on student population growth." She further states that she would have liked to borrow such a crystal ball "before my 401(k) took a nosedive."
Very well said!