[lbo-talk] AG's pep talk

Doug Henwood dhenwood at panix.com
Wed May 21 10:55:21 PDT 2003


Dwayne Monroe wrote:


>To be considered a genuine oracle, you must make
>statements like this:
>
>"Looking ahead, the consensus expectation for a pickup
>in economic activity is not unreasonable, though the
>timing and extent of that improvement continue to be
>uncertain."
>
>What surreal perfection, clothed in sleep-assisting
>banality.
>
>It possesses the twin strengths of being both possible
>and vague and is similar, in quality, to the dying
>gasp of a Roman slave in, say, 54 BC who predicts the
>fall of the Empire.
>
>Eventually, his prediction will come true. But the
>timing and extent, ah well, that's another matter.

And just think - hundreds, maybe thousands, of mostly high-paid analysts have been scrutinizing the text to divine just what AG really thinks!

Doug



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