Perception

Consumers and the Economy Are Down and Out

Pretty much EVERY pundit, oracle, and even level-headed financial "joe regular" has said we are in uncharted territory as far as modelling the markets goes. I have little confidence in Citi financial's market models, evaluations, or for that matter, their observations on whether or not the sun is shining. Their brilliant predictive powers and business acumen are the source, at least in part, of the nightmare we now see unfolding in the economy. This model is meaningless. Putting it forward as a resonable indicator of the direction of the economy is roughly akin to trying to model subatiomic particle behavior with newtonian mechanics. It doesn't work.