Economics and Investing:
Arrow Trucking suspends operations leaves hundreds of drivers stranded. (Our thanks to HPD for the link.) El Jefe Jeff E. spotted this: Consumer Spending in U.S. Climbs Less Than Forecast From Chris J.: Economy revised downward (AGAIN!). Chris’s comment: “It looks like the men in the know have yet again revised the third quarter downward, from 3.5% to 2.8% to 2.2%. Of course this CNN article doesn’t mention that the cash-for-clunkers and home buyer’s credits are estimated to be worth 2.0 to 2.5 percentage points. It takes faith though; the “experts” who didn’t get it right last time assure us …