09 March, 2005

Perception is King

Isn't it funny how perception often trumps reality? You see it in so many facets of life... The stock market is a good example. It doesn't matter what your company earnings are, just convince the analysts that you'll have future earnings, and your stock price will climb... Midwest farmers are currently in a full-blown panic over something called Asian Soybean Rust, which may or may not become a big problem here as it is in other parts of the world. Certain agricultural manufacturers have created the perception that the problem already exists, so it does.

What interests me today, however, it perception and politics. Check out my post on Framptonia about the Strategic Petroleum Reserve and how certain senators are demanding that the administration release the oil so that prices will stay low for the benefit of 'working families.'

All this just in time for peak driving season. Food for thought.

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