Tuesday, July 13, 2010
Confirming the Obvious
Breaking news, the well off and youth feel things are getting better for them. I guess there must be some value in confirming what we already know but it should be obvious that everyone doing well will think things are pretty good and that youth, even in tough times, are going to be feeling that things are improving. For youth, even if their not doing as well as they hoped, they're still hoping to enjoy the upswing. The only time you're going to find these groups being pessimistic is when there's a massive shock, either to their portfolios as the market falls or when they're actively afraid of getting laid off. Other groups, enjoying neither the present benefits of success or long time frames to contemplate the future are unlikely to be as strongly consoled by a very shallow upward trend, the require more concrete improvements.