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Non-Tech : The Critical Investing Workshop

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To: Cosmo Daisey who wrote (14769)4/18/2000 12:38:00 PM
From: Jim Willie CB  Read Replies (1) of 35685
 
three major sectors of the economy: housing, autos, PC's

today the government housing report came out
housing starts were down 11.2%
hosing permits were down 4.5%
this indicates a lagged effect from tighter Fed rate policy

aint seeing any slowdown with auto sector
GM and Ford announced good growth
some shift away from guzzling SportUselessVehicles though

aint seeing it with PC's
despite MSFT mouthpiece Sherlund citing slower sales
its gogo days have seriously tapered off
otherwise Intel wouldnt set sights on wireless chip arena
now seeing just steady PC growth

I hope Greenface can take the loouies out of his eyes, notice both the stock market wealth effect evaporate, and the important housing sector slowing down... I see no need to raise rates in May FOMC

note on Futures Exchanges:
the June FedFunds future contract now is indicating a 25 bp rate hike... it was a little higher on Friday... this contract is the best measure of likelihood of imminent rate hikes... I wouldnt be too surprised to see Greenspoon leaving rates alone, but indicating a probable hike in July

my finger needs to be sprained
/ JW
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