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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (46784)	1/22/2002 10:48:24 AM
From: Jim Willie CB	Read Replies (4) of 65232

leading economic indicators tell the story Eight of the 10 components that make up the leading indicators index rose in December, led by jobless claims, the treasury yield curve, money supply and the average workweek. Two components, capital goods orders and manufacturers' new orders, fell in December. so the economy is reviving people are losing jobs less we are working a little more expections of future deflation are waning money is sloshing throughout the system but we will make do with current equipment for a while doesnt sound too good for bigname techs it does sound good for those who will use their tech equipmt I dont expect things to improve anytime soon on tech equipmt mfrs all of Asia is now complaining loudly about Japanese currency devaluation and its effect on their competitiveness the TSUNAMI is slowmotion, therefore largely ignored by the media but this deflationary wave is relentless within mfg our mfg environment can only be desribed as in a "depression" / jim

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