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I hate to seem constantly the naysayer, but the unreality I've noticed in economic and business coverage compared with the economic reality of real individuals is disheartening.
A news article, for example, this morning talked about stocks rebounding although in the first 50 minutes of trading stocks were largely in the red.
Where's the rebound?
I've frequently stated that the disconnect between current economic forecasts boils down to reading economics for institutions while ignoring individuals. Like ordinary Americans, whoever they may be.
This institutional/individual dichotomy was most apparent last week and into the first two trading days of the current week: mass injections of credit into the system by national banks, like the Ferderal Reserve. The message: well it's ok for "socialist" (i.e. government intervention) actions on behalf of institutions (i.e. corporations, banks, finacial houses, etc) but not for individual citizens.
Have others noticed this disparity and dichotomy? I just really distrust institutional (i.e. government and corporate) data at this point. And I distrust the data analysis even more...
