Monday, October 05, 2009


Bloomberg headline and first paragraph:
U.S. Economy: Service Industries Grow for First Time in a Year

Oct. 5 (Bloomberg) -- U.S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy.
Did you get that? The recovery, already firmly in place in housing and factories (!) is now spreading to other sectors of the economy. Who knew housing and manufacturing was doing so well?


Remember: less bad is the new good, therefore recovery = things not going downhill as fast. Optimism (delusionalism) in action!

By Anonymous hamstak, at 10/06/2009 10:57 AM  

you chose to bold recovery but leave out the adverb preceding it - EMERGING. Saying there is an "emerging recovery" is in no way the same as saying there's a recovery. It's a qualifier. I have friends in the real estate biz and it is most definitely a different, more active business than it was a year ago.

By Anonymous your momma, at 10/07/2009 6:14 AM  

Post a Comment