Archive for March 25th, 2008
Tue, Mar 25th, 2008
“Everyone is entitled to their own opinions, but they are not entitled to their own facts.” - The late Sen. Daniel Patrick Moynihan
We’re coming to the end of another economic bubble, this time in the financial sector. The folks who underwrite all our commercial activity got infected with the madness of crowds and tried to have themselves a post-fact economy. Didn’t work out so well. Home prices and consumer confidence reflect the reality, the post-post-fact economy, the hard truths that are reflected in economic forecasts and consumer billing statements everywhere.
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