Pessimism

I got a healthy dose of this today in a meeting and thought the experience worthy of sharing.  No doubt things are not as good as they have been although that "good" period is suspect based on the leverage and borrowing that was at play.

It is true that growth will revert to the mean over time..it always does.  That means sluggish growth or even contraction in the short term.  I do not, however, believe that it is the end of times.

I find it hugely annoying when people make broad-based generalizations in an attempt to project expertise about a subject without real expertise or supporting data.  These people follow the herd vs. lead so maybe this in itself is a sign of good things to come.

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