Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	11/15/2002 11:19:08 AM
From: JohnG	of 436258

Economic News is Total crapola. Clowns are working hard against the tide today. Looks like one stagflation data point w/ the trend of leading indicators being down. PPI= +1.1% vs consensus forecast of +0.3% THIS is BAD and moves markets Inventories= +0.5% vs consensus of +0.2% Ind Production = -0.8% vs consensus of -0.3% THIS is BAD & moves markets dismal.com Also ECRI weekly leading econ indicator dropped to 117.6 or -3.3% mfor week ending 11/8 businesscycle.com Clearly Allen Greensperm had his reasons for cutting 0.5% rather than 0.25%. He is trying to head off clear evidence of a recession laced with inflation. I am sure he had early warning of this. On the plus side, Consumer sentiment is up now that consumers are no longer being murdered at Exon and Home Depot. Hopefully no 9/11 repeats to accompany the Iraq war.

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