Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: marginnayan who wrote (70570)	10/28/2007 1:28:03 AM
From: marginnayan	of 116555

I don’t understand why many economists say that the consumer is alive and well? We have heard warnings from retailers of all types and the Retail HOLDRS (RTH) down 0.4% year to date, and the poster child for luxury retailing, Coach (COH) is down 31% since reacting positively to the FOMC rate cut in September.To illustrate the extremes, NutriSystem (NTRI) is down more than 50% since the September rate cut, with McDonalds (MCD) up 15% to a new all time high of $58.56 on Friday. I guess consumers have canceled their weight loss programs in favor of cheaper Big Macs. - Live Weekend Update from Richard Suttmeier LOL.

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