Wednesday, January 02, 2008

Economist looks at the good news

Despite the doom and gloom we hear about - as well as the fact that Ohio seems to be closer to Michigan than the rest of the U.S. in terms of our economy and economic outlook, all was not terrible in 2007.


Dec. 31 (Bloomberg) -- The U.S. is ending 2007 with a whine rather than a whimper. It is tough to keep track of what's collapsing faster, home prices or the dollar, and the financial market crisis caused by it has many seers talking recession as we enter 2008.

As always, that delicious negativity receives the lion's share of media attention. But, in many ways, this past year was a pretty good one...

click here for complete article.


Tim Higgins said...


I am not any economist, and I don't play one on TV. I am however a pessimist when it comes to the economy. I find that being so encourages me to protect my money at all costs.

This article reminded me of a couple of quotes however (like most things don't), and I thought that I would like to share them:

"The nice part about being a pessimist is that you are constantly being either proven right or pleasantly surprised."
- George Will

"The optimist contends that the glass is half-full, the pessimist that it is half-empty, while the efficiency expert claims that we have twice as much glass as we need."
- Unknown

Hooda Thunkit said...

Is it pessimistic to realize the economy, our economy, is built on the backs of our grandchildren; it is their future that we are squandering?

I believe that "We the Sheeple" are slowly becoming aware that we have already spent both our own future and the future of our children and we don't know what we can do about it.

So far, there are no good answers coming from our so-called leaders; the only hope that we might have is in the next generation of our leaders, so we're looking...

Face it, our problems were created by our less than wise past political decisions and for falling for promises that we know (deep down inside) that they(we) can't possibly deliver.

Reality, once tasted fully, can be quite sobering. . .

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