This will be kept short, and I promise I’ll use this blog for something other than ranting about the economy again soon….
.. but I caught an editorial by Bernard Lunn, a fellow I’ve never really taken seriously for a number of reasons.
Back in April, Bernard started writing for ReadWriteWeb, and erroneously asserted that we were in a recession. He’s been asserting ever since (and for sometime before, I’m guessing, just not at RWW) that we’re headed for gravely dire times.
As I’ve said, I’ll believe it when I see it. I haven’t had anyone conclusively demonstrate to me the connection between Wall Street and Main Street, and I’ve had a number of people refute it.
Back to the thing that set me off today, Bernard Lunn. Today he asked, in all earnest, where the alarm bells were:
Seeing the Blogosphere afire with tales of crisis in start-up land, with emails going from the wise investors to their portfolio companies, makes me think: no duh! Driving with your eye only on the rear view mirror is not smart. I hate to say “I told you so” but some times I cannot help myself. We have been banging this drum for a year. Not that it took a genius to see that a downturn was coming, it was bleeding obvious! We followed up with perspective here and here. When the sky started to fall a few weeks ago we started to look on the positive side.