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The case for Economic Optimism


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Interesting that there is not much chatter on this thread. Could it be most on this board are not that optomistic? Maybe it is just me but it seems that there are two types of media reports lately: doom & gloom (get your guns & ammo now) or the silver lining type (glass half-full). For example, Yahoo today reported on the second quarter GDP. Preliminary GDP was revised down from 2.4% for the second quarter to 1.6%, but this was reported as positive because economists has feared it might be as low as 1.4%. Instead of focusing on the actual results the focus is on the fact that the economists were wrong. Same thing yesterday with inital claims for unemployment. Its like people are desperate for any good news wherever they can find it....

 

cheers

Zorro

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