Laugh along with the 2007 Fed staff

Stop, you're killing me! "Fed Chief Economist In 2007: The Economy Won't Go Into Recession And No I Am Not On Drugs".

Comments

[John B. Chilton]

Stockton retired in 2011 at age 57. Some interesting background at this link along with a snippet:

http://www.bloomberg.com/news/2011-05-31/fed-s-u-s-research-division-director-david-stockton-to-retire-sept-30.html

snippet:
Stockton, known for his sense of humor, could mix statistical analysis with anecdotes. At the same December 2005 meeting he told Fed governors and regional-bank presidents that the creation of “Flip That House,” a television show, suggested that the housing boom would soon end. “As far as I could tell, the gist of the show was that with some spackling, a few strategically placed azaleas and access to a bank, you too could tap into the great real estate wealth machine,” Stockton said, according to a Federal Open Market Committee meeting transcript released in January with other 2005 transcripts, the most recent year available.