Monday, 30 August 2010

Nordea: Ooops I did it Again

"Nordea predicted that economic growth this year would reach 3.5 percent. Despite forecasting a drop to 2.7 per cent growth for next year, the bank expects growth to return to previous rates in 2012."
"In the land of the blind, the one-eyed man is king." ... or in (Fin)land of this kind, Nordea is blind as Astyanax fasciatus mexicanus.

When the GDP fall by somewhat 8% the previous year, and trumpet a 3.5% growth for this year, I think we are not any more dealing with economist but instead mathematician clowns or fools. It is also worth noting, that their timing is always at the perfect moment for making disastrous investment.

- that was a short breaking news - more to come... not on Nordea - just ignore them :-) - but instead on the ECB vision...

No comments: