I was listening to a couple of economists.......

[musclehead]

not painting with any political stripe here, they were just talking about the economy. the main dude asked his guest where she thought the GDP was going to be reported for the third quarter? she said 'with the not great news about durable goods, I expect it to be in the 2.7 area.' she was very close it was 2.5 (not taking bets it will stay there)

he was quiet for a few seconds and then said something like 'why aren't we jumping up and down for joy over this news, we should be shouting from the mountain tops' and so on and so forth.

I'll tell you why consumers are a little suspicious and wary, these are the same folks that told us the first quarter growth was 1.8 and the second quarter was something like 2.3. then quietly later on the estimates were revised down SIGNIFICANTLY to less then 1 percent growth.

we're told it's apples and it turns out to be oranges all the time, why believe anything they say?

[Dag]

American companies pour billions into the Norwegian banks
The fear that the U.S. big banks will go bankrupt means that U.S. companies, central banks and institutions put billions of dollars into the Norwegian banks.
It does not help the economy to send capital out of the country.

Bank capital and deposits in Norwegian banks are subject to "state bank guarantees".
Well, nice that Norway can offer full protection and state guarantees for deposits from foreign capitalists.
Capital is surely earned on the "Now poor American citizens who have lost their land and houses" and now the capitalists escapes out of America and into tax havens with their money.
Cayman Island, Bahamas, Switzerland "?
But tax havens' best place is now Norway, With Warranty.