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10 Most Annoying Things About This Recession

November 17, 2009

Where do I begin? There are so many things that are outright frustrating about this “economic downturn” that it makes my head spin. From our government to the banks, there are so many players that have provided conflicting forecasts that it is no wonder why there is confusion out there.homer_scream

So, I thought I would count to 10 and list some of those that may be the most difficult to deal with… (could not just stop there…)

Feel free to add your own….

  1. The contradictions from the Treasury and the Fed on their direction.
  2. End of day run up/downs of the markets by 1% in the last 15 minutes.
  3. CNBC listing of last years earnings and revenues on the right side of charts.
  4. Titles of Bloomberg’s articles that show good news when content differs.
  5. All of the geniuses that “called the bottom”, All of the geniuses that called the “top”, All of the geniuses.
  6. The PR parade of newly devised phrases to confound and confuse (green shoots, less bad, continuing to stabilize, toxic assets, in the context of …, better than expected, etc.)
  7. According to the experts, the bevy of shapes this recession could take: W, L, U, V, J, N, M, or a Square root sign.
  8. How incredibly bad economist and analysts are at predicting anything.
  9. The games that the Fed plays. The lack of transparency of the FED. The back door deals by the Fed. The Fed……
  10. The fact that  AIG, FannieMae and FreddieMac still trading?
  11. One more for good luck: Banks upgrading Banks

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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Written by Andrew Horowitz · Filed Under Economy, Markets, Stocks 

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8 Responses to “10 Most Annoying Things About This Recession”

  1. brian t on November 17th, 2009 9:11 pm

    Whatever happened to all those "shovel-ready" infrastructure projects? High speed rail, or all those highway bridges that need maintenance? Not to mention all those jobs "saved or created" ..!

  2. Andrew Horowitz on November 17th, 2009 9:53 pm

    No argument here

  3. Renae on November 17th, 2009 11:42 pm

    Great list.

    As a structural engineer that lost my job a year ago (in the UK) I am very much looking forward to some kind of recovery. But speaking to other architects, engineers and builders nobody expects to be back at work for at least another 6-12months. Nothing is happening.

  4. Hot Links: Shangri-La Found? « The Reformed Broker on November 18th, 2009 8:05 am

    [...] 10 Most Annoying Things About This Recession.  (TheDisciplinedInvestor) [...]

  5. TraderMark on November 18th, 2009 5:42 pm

    haha

    You know you have a top 50 list in you!

  6. TraderMark on November 18th, 2009 5:43 pm

    the shovel ready stimulus will be coming in a few months, patience!

    and dont worry they wont call it a stimulus
    it will be a jobs program!

  7. anon on November 18th, 2009 8:20 pm

    They have to wait till elections are closer

  8. Hot Links: Shangri-La Found? The Reformed Broker on December 18th, 2009 2:15 pm

    [...] 10 Most Annoying Things About This Recession.  (TheDisciplinedInvestor) [...]

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