NEW YORK ( TheStreet) -- While Facebook (FB - Get Report) continues to grab the headlines as its shares continue "adjust" to reality, there are some encouraging signs from some smaller names this earnings season.As skeptical as I am about the current state of the economy, I continue to see some rays of light. My economic training was in the Austrian School of economics (free-market, microeconomics), so I am by nature a skeptic, especially in an environment where government spending is out of control. But there were several earnings reports yesterday that have me mildly encouraged.
Encouraging Signs From Smallville
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