The (False) Glimmer of Hope

[MAVA]

The (False) Glimmer of Hope

by Barry Ritholtz on 4/23/09

Nice cover image from the Economist on the brown shoots.
Excerpt:
“But, welcome as it is, optimism contains two traps, one obvious, the other more subtle. The obvious trap is that confidence proves misplaced—that the glimmers of hope are misinterpreted as the beginnings of a strong recovery when all they really show is that the rate of decline is slowing. The subtler trap, particularly for politicians, is that confidence and better news create ruinous complacency. Optimism is one thing, but hubris that the world economy is returning to normal could hinder recovery and block policies to protect against a further plunge into the depths.”

Here’s the cover image

Hat tip Gary
>
Source:
http://www.economist.com/opinion/displayStory.cfm?story_id=13527685&

The worst thing for the world economy would be to assume the worst is over

http://www.economist.com/opinion/displayStory.cfm?story_id=13527685&

 

[swoop187]

Actually I missed your (false) propaganda opinion.

Please Mr. Economics tell us all how spending epic money we dont have will save us, NOW or down the road?

The truth is Obama just bought the free market!

I guess monopolies are only straight if the government controls them and its a liberal government.

 

[swoop187]

Oh not to mention the FED is buying up banks like its cheap candy.

 

[Collapse]

Actually I missed your (false) propaganda opinion.

Please Mr. Economics tell us all how spending epic money we dont have will save us, NOW or down the road?

The truth is Obama just bought the free market!

I guess monopolies are only straight if the government controls them and its a liberal government.

Spending too much brings about major hyperinflation and stagflation, not to mention increasing the national debt. But i'm guessing none of this is happening yet is because the banks are holding on to the notes.

We havent had a Free Market since shit, i cant recall? Maybe since the federal reserve started. Or maybe im thinking about real Capitalism not this fake Capitalism we have now.

 

[swoop187]

Spending too much brings about major hyperinflation and stagflation, not to mention increasing the national debt. But i'm guessing none of this is happening yet is because the banks are holding on to the notes.

We havent had a Free Market since shit, i cant recall? Maybe since the federal reserve started. Or maybe im thinking about real Capitalism not this fake Capitalism we have now.

It doesnt really matter, its all going back to ths source for pennies on the dollar... In an analogy sense.

This is no different then wholesale Bankerizm (couldnt really find the correct word that would fit the subject).

 

[ThaG]

nice Linophryna image on the cover

but the real thing is always better

 

[swoop187]

nice Linophryna image on the cover

but the real thing is always better

I dont even know what to say about that...

I'm pro free speech but your a fucking person on a mission using troll type tactics..

 

[swoop187]

We could say the 1st as well... Just keep your pictures to your self.

 

[JoMoDo]

Spending too much brings about major hyperinflation and stagflation, not to mention increasing the national debt. But i'm guessing none of this is happening yet is because the banks are holding on to the notes.

We havent had a Free Market since shit, i cant recall? Maybe since the federal reserve started. Or maybe im thinking about real Capitalism not this fake Capitalism we have now.

You should throw around the terms deflation and disinflation too and I bet it will make you seem even smarter.

The best part of free markets are child labor and sweatshops.
The right sure has been pushing free market legislation ever since 96 though.

 

[Collapse]

You should throw around the terms deflation and disinflation too and I bet it will make you seem even smarter.

The best part of free markets are child labor and sweatshops.
The right sure has been pushing free market legislation ever since 96 though.

Why would i? Deflation is the short term problem.

Apparently you dont know anything about the Free Market.