This blog was born into unusual and difficult circumstances, not unlike Brad Pitt's Benjamin Button. But the U.S. economy may already be in the midst of a turnaround (let's all hope it won't be U-shaped like Japan's decade-long slump through the turn of the century or W-shaped like The Great Depression of the 1930's...yikes).
In upcoming posts, I'll be tracking developments in key indicators with your help. Please post your thoughts, including anecdotal indicators (how is your favorite waiter at your favorite local restaurant behaving lately?).
Things are bad and will probably get worse in 2009, but absent nuclear war breaking out in the Middle East or "Lost" being renewed for another season, the future will be brighter...eventually. Don't believe the gripe...at least not indefinitely.
The essay below is my current big-picture read on the situation and what to look out for as signs of a turnaround. I
tried to get this into a major Op/Ed section so
I could get this silly little blog more exposure, but no such luck this time.
Anway, what follows is an extensive
overview of indicators I'll be tracking on this blog. Next stop,
DarynKagan.com (just kidding...actually...hmmm). Enjoy.
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Don't
Worry, Be Savvy
Learn to Love The Abyss: Future's Brightest When
Present's Darkest
It's always darkest before dawn so the last
thing savvy investors should be dwelling on are the awful jobs,
retail sales and factory production reports of the past month, or
other backward-looking stats. That's not the way to get a jump on
future opportunity. Junk the funk. “Malaise" talk is bunk. We
haven't sunk, so don't be a skunk, because too much pessimism will
cost you.
Barring
a geopolitical apocalypse or the biblical Book of Revelations coming
to pass (quite a few signs of that, actually, but never mind) things
will get better. It's not a matter of if, but when. Here's a guide on
early signs to watch.
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