The talk at the Green Door went well, considering that in the rush to get there (a fifty-five kilometre trip for me), I left my lecture notes sitting on the printer back at the office! But I know this stuff back the front and the crowd was pretty aware of the issues so I didn't need a script. I only knew two people there out of the twenty-five or so, but was impressed with the occasion: the attitudes of the people, their obvious commitment to finding new ways of doing things, and Karen's soup! Lots of stuff is going on everywhere it seems!
One of my friends there got stuck into me about what he sees as my excessive negativity (as he sees it represented on this blog). I'm not sure how to deal with this. I call things as I see them. Someone has to bear witness to the truth. I realise that my view of the world is very partial, and very personal in many ways. I don't think that invalidates it. There are plenty of people out there boosting their causes with lots of happy talk. No-one has to listen to me if they don't want to. I guess I'm more interested in the truth as I see it, than pushing any control agenda or trying to steer people in certain directions by subterfuge. This means I'm no politician, but someone has to say uncomfortable things if we're to understand what's going on. I'm aware that it may bring people down, but what is the alternative?
Talking of being the bearer of bad tidings, there is a great article online by J.S. Kim at Seeking Alpha, which calls the current stock market rally and happy green shoots talk for the fraud that it is. Long, but well worth reading!
Dear Fed, Please Shut Up Already, Stop the Forward Guidance
40 minutes ago
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