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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (37705)3/30/2001 11:04:37 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Spending is up, consumer confidence is growing, Chicago PMI is at all time low of 1982 levels 35, now FED is easing and with the prices paid it looks like they have a good reason to cut further. Manufacturing is poor, however GDP figure even revised showed service sector to be fine, even the IT spending was Ok whereas the drop was in transportation spending. With consumption OK and inventory built up down from 78 billion$ of the third quarter to 55 billion $, I expect that all these hard times will pass for the economy, we will see that soon.
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