Caroline Baum has been writing for Bloomberg for as long as I can remember. I recall viewing her articles straight off the Bloomberg machine in Woodside, California a decade ago. She has a neat way to call it like it is, and I always like to hear what she has to say. Click here for a link to her most recent article. She points out that the word "uncertain" pops up in times of distress.
She states, for example, during good times central bankers don't pepper their official statements and speeches with references to uncertainty, which makes me think uncertainty is a euphemism for ``things are worse than we imagined.'' It's an excuse, in other words: a way to paper over a bad forecast. Recently, she dissects speeches where the word is used quite frequently.
In fact, in a similar vein, I discussed the word "volatile" last August in a post here as well.
Which leads me to the following...
"Freedom is just another word for nothing left to lose" Janis Joplin
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