But my arm is dry...

Paul Volcker, a top advisor to President Barack Obama, on Friday said that the global economy may be deteriorating even faster than it did during the Great Depression. [LINK], and [LINK]

Jimmy Carter, ex-president of the United States, says there is no comparison. [LINK]

This is essentially the same as saying "I think it will rain tomorrow because I have watched weather reports that say it will rain," and "I do not think it will rain tomorrow because I am sticking my arm out the window and it is not raining at this moment."