Comments on: LOLcats Calls It: We’re In A Recession http://www.tradersnarrative.com/lolcats-calls-it-were-in-a-recession-1752.html Freshly squeezed market commentary & analysis Thu, 20 Nov 2008 15:11:27 +0000 http://wordpress.org/?v=2.0.2 by: Epiphany of the masses at aleatory http://www.tradersnarrative.com/lolcats-calls-it-were-in-a-recession-1752.html#comment-33481 Fri, 06 Jun 2008 23:01:11 +0000 http://www.tradersnarrative.com/lolcats-calls-it-were-in-a-recession-1752.html#comment-33481 [...] I like this post [...] […] I like this post […]

]]> by: Russ Abbott http://www.tradersnarrative.com/lolcats-calls-it-were-in-a-recession-1752.html#comment-33478 Fri, 06 Jun 2008 17:07:15 +0000 http://www.tradersnarrative.com/lolcats-calls-it-were-in-a-recession-1752.html#comment-33478 Same for the record lows in the consumer confidence indicators. (You probably pointed that out earlier.) This sort of thing is always difficult to accept. When things look darkest, they actually look darkest. So why would one use that as a signal that a new dawn is coming? After all, there really are problems with energy, climate change, commodities, etc. Why should we assume that we are exaggerating those problems or that we will find solutions in the near future? But perhaps the magic of science, technology, and markets will work their wonders again. Same for the record lows in the consumer confidence indicators. (You probably pointed that out earlier.)

This sort of thing is always difficult to accept. When things look darkest, they actually look darkest. So why would one use that as a signal that a new dawn is coming? After all, there really are problems with energy, climate change, commodities, etc. Why should we assume that we are exaggerating those problems or that we will find solutions in the near future? But perhaps the magic of science, technology, and markets will work their wonders again.

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