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The pessimism is based in reality.
Some of the pessimism is based on worries about pressure on the stock as its former parent company, Altria Group, continues to unload its remaining 87.6% interest in Kraft.
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Weinberg said his pessimism is based on the House of Representative's 1993 decision to cancel the Superconducting Super Collider (SSC), which was under construction in Waxahachie, Texas, after $1 billion was spent.
His pessimism is based on the experience of introducing a ticketing promotion this season, known as Just the Ticket, that was specifically designed to boost crowds during an economic slump.
So next time a teacher tells you, resignedly, that they work so hard they can expect to survive only 18 months after retirement, point out that their pessimism is based on a myth.
Singer's price pessimism was based on strong beliefs about relatively unfavorable price- and income-elasticities of demand for commodities, whereas Prebisch suggested an asymmetry in the appropriation of productivity gains between commodity-dependent and industrialized countries.
Much of the pessimism about the future is based on the fact that the violence of the last two weeks has ruptured some of the basic themes sketched out at Camp David.
The pessimism that runs through the report is based on two questionable assertions: that China has already exhausted much of its potential for "catch-up" growth — the sort that comes from getting a late start in industrializing — and that its Communist government is incapable of introducing productivity-enhancing reforms.
Unfortunately, the pessimism is justified.
The pessimism isn't universal, however.
The short-term pessimism over the economy that has recently been pervasive in Tokyo and elsewhere is based primarily on two assumptions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com