Isn't that unusual? The more I hear what most brokers, analysts or Bankers say about these financial markets, the more it reminds me of the Platonic saying: " We lie in order to tell the Truth." Plato called it the "noble lie." But BS is still BS, whether it is philosophical or comes from the supposed Almighty if one takes Human Questioning seriously.
Got Guts to Question?
There will be no economic recovery in the second half of this year. Why lie and state there will be economic recovery? 1) To make sure naive consumers continue spending and increase their debt load so the economy doesn't go into an even more severe recession. 2) Jobs are at stake in the Brokerage, Banking and Financial Services Industry. How many brokers, analysts or bankers are financially independent where they can afford to tell it like it is?
"It now appears that there are fewer dollars being invested in information technology than a year ago," said president and CEO Joe Tucci of EMC.
Very few investors/traders know why and even worse don't possess the courage to learn why.
The question is still when is the economy going to turn. There is still no light at the end of the tunnel yet.
Manufacturing is plummeting... services were basically flat, down 6,000, for the month and flat for the quarter, the first time that's happened since the 1950s. Services generally has been one of the biggest contributors of employment growth for a long, long time, certainly through the '90s.
Geez, this is only a forum where ideas are shared, not an "old boys" club. |
