Yesterday's rant left me a bit worn out, so I thought it might be time for a post that's a bit more light-hearted (but still gets the point across about the kind of nonsense that Wall Street and Washington keep spouting these days).
The following cartoon is just the trick:
(Courtesy of immobilienblasen.)
Very nice!
The paint brush works are in full effect. This morning I screen captured Yahoo Finance attributing the market's surge at the open to a dollar decline. Sadly, the 10:05am screenshot of the yahoo headline, compared with the dollar chart shows no such thing. I guess just making stuff up is as good as anything else in the new bull market. You can see it at my URL.
Wonderful site by the way.
Posted by: GYSC | July 30, 2009 at 10:15 PM
Really liked your rant yesterday! Excellent post!
Posted by: Debraven | July 31, 2009 at 02:32 AM
I enjoyed yesterday's rant. The picture is on the mark as well. Conning people is more of an art than a science. That's may be the reason why they are called con-artists and not con-scientists.
Posted by: Alexandra | July 31, 2009 at 07:29 AM
Like the wise old man said, " A picture is worth a thousand words."
Posted by: Marion Shaw | July 31, 2009 at 09:13 AM
The Painter is Mr Market himself not just guys from Washington and Wall Street. I think most people knows what is going with the real economy but they just choose to ignore it.
Posted by: Tony | August 05, 2009 at 04:23 PM