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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (46854)3/1/2004 8:57:23 PM
From: elmatador  Read Replies (2) of 74559
 
Two conflicting news:

Industry Feels Jobs Ahead, Price Squeeze
Mon Mar 1, 2004 04:43 PM ET
By Wayne Cole
NEW YORK (Reuters) - U.S. manufacturers may finally be close to adding jobs after 42 straight months of layoffs, a survey suggested on Monday, but they also face escalating pricing pressures that could squeeze profits.

...
"Essentially, the economy's on a roll," declared Ram Bhagavatula, chief economist at RBS Financial Markets.
...
"The Fed's between a rock and a hard place -- with growth like this, rates should be a lot higher," he said.

reuters.com

and then this one:

Dollar gains on solid job numbers
By Steve Johnson
Published: March 1 2004 17:56 | Last Updated: March 1 2004 17:56


Bullish jobs data enabled the US dollar to push higher against the euro yesterday.


The headline number for February's Institute of Supply Management's manufacturing index undershot expectations, but the market seized on the employment component, which jumped from 52.9 in January to 56.3, its highest level since December 1987.
news.ft.com

Someone is lying.
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