Listening to a story on NPR tonight about Mexico’s economy and heard for the umpteenth time the idea that the economy’s bottomed out, it can only get better” which has been pushed forth for months about our own economy, as well.
Apart from the fact that the predictions of the bottom have been so constant as to have become as meaningless as white noise over the past several months, the idea that when something hits the bottom that it immediately begins to rise is just unsound.