An interesting article from the Wall Street Journal:
http://online.wsj.com/article/SB121797955889015047.html?mod=opinion_main_review_and_outlooks
Where are the MSM on this? As American companies, shouldn't they feel the need to report this type of information at the same volume and frequency as the 'negative stuff?' After all, it's our friends, neighbors, sons and daughters who are shouldering this burden--and pushing ever closer to a final conclusion.
I'm a big fan of trends. In every day, anomalies pop up to change your short-term picture and frame of reference. But over time, across multiple locations and as viewed through multiple sources, core truths do emerge and resultant trends are discernible. Yes, the housing market in Florida has turned. Yes, the world's demand for high-tech products and enabling technologies has increased over the past 12 months. Yes, the month-on-month overall status of the situation in Iraq is becoming a more steady, normalized one, with corresponding accelerating troop withdraws in the works.
Any picture viewed from a single point in time, through a single lens, by definition frames what is perceived to be the 'normal status' of the viewed picture. That's the fallacy of minuscule data sampling and limited perspective. Which is why you almost never should make business-altering decisions based on a single experience or event.
-Shawn
Wednesday, August 06, 2008
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