If you review any compendium of economic articles – see ‘Today’s News’ on StockResearchPortal.com for example – you will find articles that talk about both:

•    ‘green shoots’ and report positively on what are generally negative economic reports; and,

•    unfavourable economic reports and their likely impact on delaying economic recovery.

Query:  Why is that – what is going on here?  The answer may be as simple as a general commentary on human nature you can find part-way down page 2 of American Greg Iles just published latest novel titled The Devil’s Punchbowl (available on Amazon and in your local bookstore) where his principal character reflects part-way through his four year term as mayor of Natchez, Mississippi that:  “I’ve learned that most people don’t want change, even when it’s in their best interest.  We pay lip service to ideals, but we live by expediency and by tribal prejudice”.  When I read those two sentences last evening they rang loud and clear to me, and it struck me the part about ‘not wanting change’ is what may be a major contributor to the aforesaid conflicted article commentary and conclusions.  For everyone to see current economic reports in a negative manner would have to lead to a conclusion that residents of North America are going to meet negative lifestyle and other changes head-on.  Who wants that?  Much better to see ‘green shoots’ and maintain hope that the American dream is not dead in either the U.S. or Canada.  I for one hope that dream is not dead, but only ends up including the odd acceptable nightmare.

For those of you who read novels and haven’t read any written by Greg Iles I recommend them to you.  I find him to be a particularly entertaining read.

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