> Sam wrote: > THE DISMAL SCIENCE > Pouting Pundits of Pessimism > Every bit of good economic news gives them reason for despair > http://www.opinionjournal.com/editorial/feature.html?id=110007622 >
(1.) This is one of those specious arm-chair quarterback pieces. This guy is basically saying this: people a year ago made well reasoned arguments based on historical precedence but now that we all know things turned out differently, those people should stop reasoning and just trust that everything will be ok. (2.) I don't like risk. I estimate the financial world to be very risky right now for many reasons, all of which are perfectly rational (terrorism, oil, inverted yield curve, etc.) And none of which the author addresses. (3.) I could post 10 articles of people that disagree with him. To what end? You're so busy arguing subjective topics it's clear you've no reasoned opinion yourself. Except of course that with Mr. Bush in office everything must be ok. If you're convinced things are great, please explain why and how this translates into your investment philosophy. Where's your money and why? If everything is great, what investments do you suggest? Answer? Brownie is doing a heckofa job. BTW - impressions of the economy are bad but the numbers are good because wealth is being transferred from the lower and middle class to the upper class and wealthy. That's why the numbers look good, but people are shaky. For every 10 guys that were cut from GM and took a job paying half, life sucks. For the 3 GM financial analysts that just got a raise things look great. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Purchase Dreamweaver with Homesite Plus from House of Fusion, a Macromedia Authorized Affiliate and support the CF community. http://www.houseoffusion.com/banners/view.cfm?bannerid=54 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:186029 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
