This is a must read post for the 'green shoot crowd'.
1927-1933 Chart of Pompous Prognosticators
I came across this recently. It was written Colin J. Seymour in June 2001.
I haven't read anything else by this guy( will check up on his articles later), but this article is a must read for anyone who follows/ listens to modern day financial media and 'optimistic' politicians and bankers.
In stressful times, people are always searching for answers and hoping against hope that things get back to 'normal' as soon as possible.
While I prefer to be an optimist, its disappointing to see many being so unrealistic about the current state of the global economy.
Now more than ever, is the time to totally ignore that 'financial noise'.
Educate yourself on the 'real' state of the global economy.
Be a realistic optimist!