Ain’t it intriguing how they write up the guy with the gloomiest Arizona economic forecast!

Crocker Liu, an Arizona State University real estate expert, said the Federal Reserve board could offer some relief Tuesday by cutting the prime-lending rate.”And there is a ray of hope that our economy will be growing,” he said of Arizona.

He suggested that by September 2008 the real estate industry could begin to recover from bad loans.

By the way, that wasn’t the gloomy forecast.