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Why Is Pessimism Seductive When Dealing With Money?
David Frum: A constant drumbeat of pessimism drowns out any triumphalist song. He says the investing newsletter industry has known this for years and is now populated by profits of doom. There are valid reasons why pessimism is seductive when dealing with money, he says. But a recession barreling down on the economy could impact every single person, including you, said Frum.