Thanks Foo,-- I was just checking into this and I was thinking that it's simply astounding how the doomers can moan no matter what good news comes out.
At first I was surprised that CNN and Reuters were actually allowing good news to slip out, but when I dug up the actual report from the fed (Complete file PDF (478 KB) I began to catch the 'rest of the story'. Namely, the MSM acts like this is some kind of sudden economic resuscitation in the 'third quarter'-- in fact, this has been going on for quite a while.
It's weird how when ever you ask anyone about business, they always say 'I'm doing great but everyone else is broke" --it's because everyone really is doing great but they're getting their info from Dan Rather and Willie Green.
The professional pessimists constantly rant about the 'death of the middle class', outsourcing, deficits, illegal immigration. At the same time the American family has been socking it away. Dang, if this is the economic catastrophy we've been hearing about, who need's prosperity?
