I cannot fathom who could take this seriously.
“From Tom Petruno at the LA Times: ‘Recession is over,’ BofA Merrill Lynch tells investors”
CNBC has breathlessly reported this today on their show “CNBC Reports”. The recession officially ended “June 30th”. Yup, the same people who could not predict anything related to the almost complete collapse of the global economy, massive fraud throughout the real-estate and financial sectors, or future trends have seen the light, and are reporting it over, and over, and over, and over, and over again on their networks.
Merrill Lynch received how many bale out dollars? They could not accurately construct a responsible business model? They held which executives accountable?
Until anything remotely accurate is clearly and responsibly reported regarding the financial meltdown and global economy we are in a permanent info advert mode. I would take this reporting, including the WSJ, all major television networks, WashPo, and almost all newspapers, as seriously as an advert for the nutritional benefit of a soft drink. By the way you are asked to “buy stocks“. Some report.
By the way, do you know what happens to your body after you drink a coke?
Also, remember when this type of show was “cool”? I pity this woman, she is being scammed. The house now is worth about 650k. Unfortunately basically every businessman in the United States, educated at the finest universities, drove their companies just as she is.
They all believed in free money and had basically no intelligence.
And so Rome fell.