Blind Denial About Running a Good Business

Friday, July 11, 2008 | 09:30 AM

Some people are discussing these financial issues as if they were a random black swan event. But that's incorrect; these events are the result of a long series of missteps in central banking, government actions, corporate errors, and risk mismanagement.

A reader writes in, noting:  These charts reflect a perfect mosaic of market and economic conditions. It also encapsulates decades of blind denial about what it takes to run a good business:


click for ginormo chart

Gmtolehohmy

Dave says: It'd be a belly laugh except I keep crying.

~~~


Friday, July 11, 2008 | 09:30 AM | Permalink | Comments (44) | TrackBack (0)
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Comments

if you were a nice guy, you would flip those and call it a bullish market....you could get on kudlow more. wooo

Posted by: howard lindzon | Jul 11, 2008 9:38:25 AM

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