Cartoon for March 30, 2009

It’s true: financial markets are reacting favorably when bad news is less bad than previously forecast. If there’s a better indication of a country in despair, I don’t know what it is. We’re pathetic.

Advertisements

8 Responses to “Cartoon for March 30, 2009”

  1. onetwothree Says:

    It’s called the second derivative.

    http://www.economist.com/blogs/buttonwood/2009/03/the_second_derivative.cfm

  2. Aggie Dude Says:

    My generation is all about diminished expectations!

  3. Anonymous Says:

    The joyous reaction of the hospital patient in panel 2 made my day. Awesome.

  4. Thomas Daulton Says:

    Actually it’s kind-of a slightly refreshing change from the days when the stock market used to shoot up like a rocket every time a company announced a layoff of 50k employees, whenever Congress shot down a minimum-wage-hike, privatized the public digital spectrum, etc. etc.

  5. Joe Says:

    The response to “less” bad news actually makes a lot of sense. Markets are forward-looking.

  6. Editor at Large Says:

    It’s human nature to take what we can get — and to act as if “less bad” was all we wanted anyway. Kind of like inverse sour grapes.

    By the way, beware of diminished expectations for correct spelling. (“Desparate” is the first typo I’ve ever seen in one of your cartoons!)

  7. Anonymous Says:

    I think you mean “desperate,” not “desparate.”

  8. Anonymous Says:

    Ted, normally I like your blockish drawing style and the caricatures are very real but that is the worst looking polar bear I have ever seen capturing the very essence of a fat kangaroo with back problems.

    J

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: