Agent

Buyers wary of recession’s bottom

Mood of the Market

Connoisseur of highbrow culture that I am, last week I watched the Wanda Sykes stand-up comedy special on HBO. Hilarious, if more than a little ribald. Anyhow, she does this bit about how people from every country think their national customs are superior to all others.Her South American tour guide described a particular bird whose behavior is viewed as a predictor of whether the weather will be the same the next day. Sykes' French wife tried to one-up the tour guide, telling of a bird that, in her native land, is believed to predict rain with its song. Sykes trumped them both, declaring that in America, we have meteorologists who can predict the weather for five days out! In America, we don't just have meteorologists, we also have economists -- lots of them. Just now, most of them are chiming in to create a chorus declaring that the recession is over. But that's certainly not the feeling in the air among the most natural of all economists -- consumers -- not in my experie...

Comments