France, Germany Fend Off Recession.

[elleng]

Modest Growth Is Latest Sign of Global Comeback.

Fresh signs of a nascent economic recovery came from hard-hit Europe on Thursday, with Germany and France unexpectedly becoming the first major industrialized nations to officially pull out of the global recession.

http://www.washingtonpost.com/wp-dyn/content/article/2009/08/13/AR2009081300504.html?hpid=topnews

[Selatius]

1. I think Anthony is a little too eager to announce news that does not yet exist.

I wouldn't blame the OP for a misleading title. The blame rests squarely on the shoulders of the author of this article. The title of the article paints a misleading picture of the information found within the article. The article contains many equivocations and disclaimers about future prospects of the Eurozone economy and the world in general, by far completely different from the tone conveyed in the title of the article.

This kind of sloppy journalism is pretty disappointing.

[elleng]

2. Reporters usually don't write headlines.

I wrote to one once, noting disparity of type you mention. He wrote back apologetically, saying he'd had nothing to do with the headline.

[bemildred]

3. But happy talk is so much more appealing.

And who knows, it might be right?

[Selatius]

4. Happy talk lead to what they call "sucker rallies" among professional traders.

People buy in too early thinking the bottom has been hit, but the real bottom was just a bit lower. The result is these hot-shots get their face cut off in the market when the buzz saw came down.

There was an idiot DUer here who was buying into GM before its collapse saying that it cannot possibly go lower despite my warning him to wait and see before jumping in. This guy was always the optimist, too optimistic to be trustworthy with financial decisions. The fool lost his money on the bet when GM declared bankruptcy several months later, and the bondholders and the federal government got the remains of the company. Shareholders were left with nothing.

[bemildred]

5. "Fuck you Jack, I got mine!"

Isn't that what free enterprise is all about?
:hi:

[Union Yes]

6. Socialist nations are much more recession proof.

[Tsar_Bomba]

7. I know what I see,

countries with socialist policies recovery is faster and puts less financial strain on the general population. Countries with so call free market capitalism only favor the wealthy and screw everyone else