I am starting a new list of articles on my reading list which point to the success of what Marshall Auerback calls "The Committee to Save Wall Street," with this Newsweek cover as a contrarian indicator.
The point is that the propaganda machine is out in full force. We are likely to see some serious Recovery Triumphalism in the lead-up to the mid-term elections in the U.S.. And I have spotted a few gems already.
- Dealbook – Imagine the Bailouts Are Working – NYTimes.com
- The Story of America’s Amazing Comeback – Newsweek.com
- Why the Obama Plan Is Working – BusinessWeek
For a more balanced view of what’s ahead read Tim Duy’s Fed Watch: What Could Derail the Recovery?
Do me a favor and send me anything you see out there on Recovery Triumphalism so that I can add it to my reading list. It reminds me of my list of must read books for a good laugh from the housing and tech bubble days.
As my friend Scott says, "The time to go short is when you see Obama in a flight suit."