Every morning I hold my Los Angeles Times newspaper (key word: paper) in my hands and read it cover to cover. By the time I'm done, I usually need a Valium, a six-pack of wine, and some Pepto Bismol. But today's Business section actually cheered me up! I only ended up requiring an IV of wine due to the horrific front page headlines about Israel and the Malaysia crash. It wasn't too hard to resist the Pepe Le Pew-like enticement of Le Valium, and I loaned the Pepto to the neighbor down the street with the very teenagey teen. Why? Because the economic news was actually upbeat.
You read that right.
Don't believe me? I don't blame you. Usually economic news makes us want to haul out our old GW Bush dartboards and start throwing.
But here's proof:
- Index of leading indicators rises (no link to the Times abbreviated version, but Bloomberg had the longer one)
- Stocks buoyed by strong earnings (no link to that either, but that title with the accompanying article is in my paper, honest)
Yes, things could be better. But seeing all the positive headlines was encouraging.
Of course, this is clearly some commie fascist Marxist socialist plot by President Obama, who we all know controls every news organization except Fox, which doesn't report news at all. So you'll have to read the reports and draw your own conclusions. But IMHO, this can serve as today's Moment of Happy.
I retort, you deride.