Grant62,I think that you must be one of the most astute posters...

Grant62,

I think that you must be one of the most astute
posters here and I love your posts.
I think that we optimist are always looking for the
positive amongst all the negative info and I have
to say that this time around the positives are very hard
to come by - I do not care how you want to read the
stats.
Any growth in any area is futile without the growth in
manufacturing. You poninted out f.ex. the growth
in the service sector; if productivity - or GDP is dropping
I think it reflects a lot more serious problem in the
underlying economy - growth in the other areas are mearly temporary and lagging and out of sync with underlying economy.
Also, USA economy should create 150,000 jobs per month JUST to break even. The forecasted figure of
80,000 fell short even from the required 150,000.
So, they are falling short every month not growing...
But what I found amazing is that US economist have
got it so wrong. They were blaming people being out
of sync with economy when they thought that economy was growing and stock market was tanking
and now we found out that it is theirs economic models
and forecasts that have been out of sync and needs re-thinking.

I am optimist but it is bloody hard at the moment....

Anyhow Grant, I very much enjoy your posts and insight that you have - specially in the telco industry.
Keep up your great posts...

Later and be good.