Saturday, 28 February 2009

Today's headlines from the BBC

US economy suffers sharp nosedive The US economy shrank by 6.2% in the last three months of 2008 revised official figures show, sending stocks spiralling lower. 1 - Why was it necessary to revise the figures? Had someone been trying to hide something? 2 - How come that stock prices, which I thought were supposed to reflect current company performance, take a nose dive five months after the event? (or if the 2008 referred to is the US fiscal year 1 October - 30 September- up to eight months after the event). This indicates that the financial information that the lunatics are basing their madcap schemes on is still not reflecting today's reality. The predictions are still way too high!!! Planted any spuds yet?
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