Can’t Keep Their Story Straight

Mark Noonan

Two headlines, both from Bloomberg:

Crude Oil Trades Near Two-Day High on U.S. Economy, European Debt Optimism

Asian Stocks Decline on U.S. Economic Concern

And I generally have a lot of respect for Bloomberg’s economic reporting – but, come on!  Which is it?  Are people optimistic or pessimistic?

Honestly, I think it is ultimately a matter of no one really knowing for sure – theories say it should be this, reality is starting to show that it is quite different.   We’re all just waiting at this point – will they pull a rabbit out of the European hat?  Will China manage a soft landing?  Will the US debt be brought under control?  Or does it even matter at this point?  Have things got to a point where no matter what we do, pain is in our future?

I’m of that last view – I don’t think we can avoid some really rough times.  The best we can do with some wisdom and grit is make them bearable while we clear out the mess.  Maybe I’m wrong, but when you get a respected news source with headlines at such variance – and posted just 31 minutes apart – you can be sure that something is screwed up somewhere.

5 thoughts on “Can’t Keep Their Story Straight”

  1. neocon1 July 18, 2011 / 9:09 am

    liars lie
    this regime led by a life long pathological liar is the epitome of this.
    There is nothing about al- O bama that is real or true except he is a marxist muslem kenyan.

  2. RetiredSpook July 18, 2011 / 9:54 am

    As you know, I follow financial news pretty closely. Such contradictory headlines are pretty common, as are headlines that economists were not only wrong, but woefully wrong on their predictions regarding (fill in the blank).

  3. hoboduke July 18, 2011 / 6:28 pm

    I feel very optimistic that President Obama using the President Hoover strategy of raising taxes for more government spending will be a huge change! Never mind that Hoover is not regarded as the solution to the Depression. President Obama is certainly more in tune with the new millenium, new century, and new ideas that were a failure in the Depression. Let’s try raising taxes! I fondly look back to the good old days of 2008 before unemployment, deficit, and homeless problems flooded the USA.

    • RetiredSpook July 18, 2011 / 8:09 pm

      Do I detect a wee bit of sarcasm in your comment?

      • neocon1 July 19, 2011 / 5:29 am

        spook

        or insanity, we will see.

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