Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Snowshoe who wrote (71780)	12/17/2009 5:46:55 PM
From: KyrosL	Read Replies (2) of 74559

Interesting that any hint that the crisis may return bolsters the dollar and weakens gold. By the way, I liked the Philadelphia report. Especially the part about exports. Just what the doctor ordered for the USA. Philadelphia Factory Index Rises to Four-Year High (Update3) By Vincent Del Giudice Dec. 17 (Bloomberg) -- Manufacturing in the Philadelphia region expanded in December at the fastest pace in more than four years as sales and employment grew. The Federal Reserve Bank of Philadelphia’s general economic index climbed to 20.4, higher than forecast, from 16.7 in November. Readings greater than zero signal growth and this month’s level was the highest since April 2005. Gains in orders slowed in December, limiting prospects for early 2010. Manufacturers have benefited from renewed demand for exports as well as record declines in inventories following the worst recession since the 1930s. The report contrasts with a similar gauge issued by the Fed Bank of New York this week that showed manufacturing in that region slowed more than economists anticipated. “The general state of manufacturing reflects improving inventory levels, business sentiment and capital expenditure outlays and very decent demand for exports,” said John Herrmann, chief economist at Herrmann Forecasting in Summit, New Jersey. “The economic recovery and the manufacturing recovery remain on track, with significant improvements expected for next year.” more here: bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next