Money Kool-Aid Tastes Sooo Good
Optimism has returned to financial television all of a sudden. I’m watching CNBC and they’re reporting if the recession is over and how long before the recovery. No more death, doom, and gloom. Its amazing that in the middle of 10% unemployment we report mostly optimism. I thought we were in a new reality and that reality is not something that can be altered by a change in news stories. Especially, when the stories are because ratings need to go up. This crisis systematically changed the world and before we start drinking the money Kool-Aid; we got into this mess by thinking short-term. It’s all about the economy as a whole not one, two, or even a dozen bright spots. Many things along the way have to be fixed and that is still going to take time.
