Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: SiouxPal who wrote (33298)	7/3/2004 1:38:09 AM
From: XBrit	Read Replies (2) of 81568

<<WE WILL have a party 'lil bit later>> Oh yes. In fact we will have a landslide party. The Chicago PMI yesterday was stunningly bad. The jobs number today was bad. Target and Walmart and GM and Ford suddenly see sales below forecast for June. The economy is slowly slowly starting to roll over now the peak stimulus is past. By November it will be clear: stagflation. Kerry may well carry the House on his coat tails. Quote from Richard Russell's Dow Theory Letters today: "A stunningly disturbing Chicago PMI trumped the Fed rate hike. The action in the markets yesterday suggested a change in economic perceptions. It could be the beginning of the end. The ugly Chicago PMI details: 56.4 vs 64 expected; employment fell to 53.6 from 54.8; production collapsed to 53.9 from 71.1; new orders collapsed to 56.8 from 74.4; prices paid jumped to 84.5 from 80. "You can forget all the post mortems on the Fed decision and communiqué; the real talk in the money world yesterday was the astonishing collapse in the Chicago PMI."

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