January 7, 2009

Cognitive Consonance Awards

With so much cognitive dissonance still ruminating through Wall Street (stocks are cheap, interest rates have never been lower!, rebound 2nd quarter 2009 is just ahead!) it comes to special attention when an individual has the temerity to see what's in front of everyone's nose. For this reason I am inducting the Cognitive Consonance awards for members of the financial world who demonstrate the ability to distinguish between fanatical financial punditry and reality.

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