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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (40052)6/26/2001 10:42:26 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Yesterday the housing starts and today the U.S. orders for costly big-ticket items rose last month as gains in orders for cars, planes and semiconductors more than offset a continuing decline in demand for computers, the government said on Tuesday. This bodes well for the second quarter, in my opinion add to it the FOMC easing stance we have perfect ground for recovery. From a heated economy to now a slowing down one we will hopefully see the GDP revision on a favorable side, I expect a kind of better than market GDP number.

Durable goods orders increased 2.9 percent in May to $188.55 billion following a 5.5 percent drop in April, the Commerce Department said. Excluding the volatile transportation sector, orders for durable goods -- which include items like refrigerators, washing machines and airplanes that are meant to last for several years -- rose 2.7 percent last month.
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