Newsweek covers are infamous as contrarian investment indicators. These people have a real knack for reading public sentiment and predicting future economic direction exactly wrong. Whenever they proclaim things like the death of equities, it's time to mortgage the farm and plow your life savings into stocks. Hopefully, this self congratulatory cover is not a contrary harbinger of what it to come.
Sounds like propaganda in it's finest form. I'm sure the magazine is run by a bunch of liberal democrats with wishful thinking.
ReplyDeleteEvery US citizen should want the American economic engine to come roaring back from this latest recession. I would like to see the unemployment rate cut in half from 10 to 5, and the same for the underemployment rate from 20 to 10. Newsweek has had an uncanny knack for getting their economic forecasts completely wrong. Let's hope they got it right this time.
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