Wednesday, January 07, 2009

CEA Wins Award For Pointing Out The Obvious

Really, this headline from TWICE says it all:

Las Vegas — Not surprisingly, it’s not looking like 2009 is going to be a banner year for consumer electronics.
That was the message given by Steve Koenig, industry analysis director, Consumer Electronics Association (CEA), and Shawn DuBravac, CEA economist, at the Venetian, here, prior to the start of International CES. However, the pair tempered the gloomy outlook by saying that CE is still faring better than other industries during the current recession.

Although, to be fair, their prognosis is at least realistic. Compare the CEA's comments to both the National Association of Realtors or the National Retail Federation, both of whom were just excoriated by the excellent finance blog 1-2 Knockout for their blind pollyannaism, even in the face of the mounting financial crisis.

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