Economists See Good News. Are They Right?

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Economic indicators show that the economy will see an upturn in the coming months. But Justin Fox, Editor-at-Large for TIME magazine, isn't too excited about the numbers. He joins The Takeaway to explain why. He is the author of the recently published The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street.

For more, read Justin Fox's article, A Fun-Free Recovery, in TIME Magazine.

"I don't see anything but a rise in the tax burden. We've made a lot of commitments and at some point we have to pay for them. We've basically been able to borrow our way out of them for a while."
— Justin Fox of Time Magazine on the alleged end of the recession