Positively Cautious

摘要

We're all for green shoots and happy thoughts and sunshine, but some of the relatively giddy prognoses coming out of the Wall Street earnings calls last week gave us at least a little pause.rnIn case you missed it, amidst a slew of economy-battered earnings reports from several media companies, Rupert Murdoch said on May 6 of the economic crisis that "it is increasingly clear that the worst is over." He also told analysts that "there are emerging signs in some of our businesses that the days of precipitous declines are done and that revenues are beginning to look healthier."rnComing from Murdoch, who has been relatively bearish about the economy recently, that is downright glowing. And the next day, CBS boss Leslie Moonves echoed the optimism, saying, "Indications are we've seen the bottom of this downturn. It's still premature to call it a full recovery, but the trends are encouraging, particularly for the back half of the year."