The video above comes from a Mother Jones fundraiser held recently out on the west coast. You can view the rest here, but this one in particular got me thinking about which sources I actually trust for economic news. Turns out, not that many. Before I list them though, I should tell you [...]
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Christina Romer, head of the White House’s economic advice council says she is “incredibly confident” the US economy will recover within 12 months. Is there no end to these Happyfaces who insist we are not facing TEOTWAWKI? Don’t they understand that Disaster Chic is what’s going on and that optimism is so not welcome. [...] B of NY economist sees recession ending this summer (“Mr. Perkypants” is what Sue called me after one of my unfortunate bursts of optimism amidst the gloom and doom) I’ve followed money manager and financial commentator Doug Kass for quite a while. He’s plenty smart, savvy, and often takes gutsy moves in advance of the herd (like when he shorted Berkshire Hathaway early last year). Kass predicted the current decline long before most mainstream media did. He now says the stock market will [...] “Our Country has faced far worse travails” The Disaster Chic police are going to be all over him, how dare he be perky, especially since his company had a horrible year. Why isn’t he telling people to buy gold, guns, and dried food instead? Oh wait, survivalists have done that any number of times [...] After reciting a litany of horrifying statistics, Newgeography ends with a surprising conclusion. The reality is that the country achieved astounding economic and social progress since World War II. The reality remains that even after the losses we are not, objectively speaking, experiencing Depression like conditions. Critically, the answer to the question, are you [...] Yesterday we brought the troubling news that a VC investor was no longer gloomy. Well, this dangerous contagion is spreading, a noted economist has now become optimistic. Venture Capital investor Paul Kedrosky at Infectious Greed is becoming dangerously perky, apparently refusing to believe the sky is falling in. A confession: I’ve been offline most of the weekend and am only now catching up on the usual Sunday night chatter about how it’s the end of the world as we know it. [...] Sue comments that I must have drank the Obama Koolaid, based on my previous post, Disaster Chic, which pondered that the current TEOTWAWKI (The End Of The World As We Know It) meme perhaps “has done got out of hand.” Other commenters seem to think we’d all have a jolly good time living with [...] |  | ||||
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