Hey, I know who we can get to manage all those home sales from the departing Intel employees! Some dude in NY, really knows his stuff. Madden, Madon, something like that. Bernard something. I bet he can spell “light and bright” correctly, too!

The strategy works quite well as long as you have enough people with a lack of independent reasoning ability.

Sounds like the Ponzi scheme our economy has become.

You sound bitter. You need RE to help you turn that frown upside down. C’mon, that useless aggregate data hasn’t meant a thing in Silicon Valley. So Intel sales are down? So what. Just keep watching the Dow soar; just about any day now!

State expectation of recovery ->
Underestimate expected losses, overestimate expected gains->
Await report ->
Feign surprise when losses are higher than underestimation ->
Call bottom ->

state expectation of recovery ->
Underestimate expected losses, overestimate expected gains->
…

Keeping the sheep in a constant state of hope for the future helps the market grow and cushion losses. Half witted zombies like RE put great faith in “powerful people in Washingon” and buy depreciating assets or they keep their money in the market when things are bad.

The strategy works quite well as long as you have enough people with a lack of independant reasoning ability.

Useless aggregate data. “There’s no recession, no layoffs, no downturn” in Silicon Valley.

Not a chance.

NO RECESSION HERE!!!!
———–

When 23% Q-sale falls, it not due to recession. It’s due to their strategy. Don’t you know that Silicon Valley is “nearly recession-proof area” and there’s still a mandatory 5 minute line to get latte in the morning?

I’ll tell you what bobert, despite people expecting it to be bad, it will be “worse than anticipated.”