For months MSM economic articles have offered little insight into the economic recession. Most articles would end with a line like - the deteriorating financial environment or some other similar reference to the voluminous bad data on corporate earnings, layoffs, and foreclosures, to go along with the frozen internal borrowing system, the lifeblood of corporate capitalism.
The tone of the economic articles is beginning to change and the sub chatter found hidden in lighter articles is changing.
They point to a complete sense of not knowing what is going on or what will happen in the great recession. Corporations are not predicting where their profits will go in the upcoming quarters. CEOs are openly admitting that they are clueless about what will happen in the upcoming month let alone the next year.
Personally I see this as an intelligent step and an honest admission. It makes people a little more open and a little more alert when they don't know what to expect. It also tends to cut off arrogance which is obnoxious and toxic.
So welcome to the unknown. The unknown is a time when great possibilities can arise, not just bad things, but also good things.
The economy is in a harsh way but somewhere in this darkness there will be a wide open area for some light at the end of the tunnel. Eventually it will come, there is too much decent intelligence out there for it to not occur.
Reuters: In unchartered waters, earnings outlooks dry up
"The lack of visibility makes it difficult to step up to the plate and say things are going to get better," she added. "We've lost so much (corporate) leadership over the past year. Who is going to want to be out there saying they know what's going on when no one really knows?"
1 comment:
Grants are good, I'm all for it and like that the info is out there, thanks for stopping by.
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