Great article, Dale -- a MUST read !!
My favorite part:
``The majority of commentators did not see the recession coming, didn't believe it when it arrived, minimized it when they acknowledged that the economy indeed was in recession, and now the current wisdom is that there was no recession after all,'' says James Dines, publisher of the Dines Letter, and a long-time investment adviser based in California.
I don't believe his total gloom & doom scenario, but the fact is that our society's "Ministry of Truth" has a vested interest in making the public believe that there's no cause for alarm economically. So they lie. And they know they're lying.
Back in summer 2000, I posted many times on SI not to believe the so-called experts. I said -- watch CSCO -- when it starts closing under $50, then you know the institutions are selling everything -- despite the constant bombardment of "buy and hold" messages they were broadcasting.
Regards,
Chris |
