i am not impressed with that Dismal commentary---sounds like "a talk the market up" rendering as they have fallen into the complacent silliness of "yes that is bad,but it is NO SURPRISE" --a form of "doublespeak" worthy of "1984"
<<The most dire news, already rather well known, is that nearly every Fed District reports new orders and shipments for manufactured products remained sluggish. It particularly notes weak production in apparel, textiles, computers, semiconductors, steel and telecommunications gear. Again, this is no surprise. It also notes softening international demand. Again here, no surprise. Finally, most Districts noted that producers were making progress in running down their excess inventories. This too is well known, although it is not necessarily applicable for semiconductors and telecommunications gear.>> max,says,give me a break--perhaps Dismal has gone long the market?--i stick to my policy,"trust NO web-site":) IMGKHO.PaxMax |
