actio-et-reactio: for every action there is a reaction. In the background is a sketch by Leonardo da Vinci-teeter-totter- a symbol of how tenuous is the balance between extremes

actio-et-reactio

Balance is but a brief transition between extremes.

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Thursday, January 31, 2002

As goes January, so goes the Year?

The most recent news from ECRI, and what some say really sparked the reversal today, is that the economy is on the mend. But the guys famous for their two hands will equivocate, stating that
"the 0.2 percent rise in fourth-quarter GDP, following a 1.3 percent third quarter contraction, is so close to zero that the odds are nearly 50 percent that when it is revised, the final number could turn out to be negative."
The double-dip recession suggested by Byron Wein and Steven Roach of MSDW, among others, may end up being, errr, a technical revision to the one we just exited, so they say with their other hand waving.

Meanwhile, fabled January ends Thursday, and from today's perch, looks to be bearish.

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posted by Ana Maria @ 12:04 AM :: permalink




moon phases
 

At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows

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