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Pastimes : Prophecy -- HYPE or HOPE? -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (168)	6/3/2001 1:25:18 PM
From: SOROS	Read Replies (2) \| Respond to of 5569

We go DOWN, no matter what the CNBC fund managers say. Check out: Japan, Mexico and many other countries are in recession or very near. The Chicago Purchasing Managers Index is at a NINETEEN year low. First time jobless claims went to 419,000 last week. Three weeks in a row this number has gone up. Continuing unemployment claims are the highest since 1993. People who are losing jobs can't find another. The Conference Board’s monthly index of help wanted ads fell again in April -- "We have plenty of worker's already with business being so lousy, thank you." The Chicago Fed National Activity Index has been negative for 10 straight months and continues to get worse. A recession is almost a sure thing no matter what the "experts" say. The jobs report showed that the unemployment rate fell from 4.5% to 4.4% -- however, most of the jobs were in bottom paying service jobs -- the labor force shrunk by 435,000 in May -- about 470,000 manufacturing jobs (good paying) have been lost this year already. EMC is laying off. The NASDAQ is laying off. Cell phone business stinks. Inventories are sky high all the way down the food chain. There will be no SECOND half recovery -- only more earnings shortfalls blamed on the slow economy. Get ready for major bargains probably next year (if all out Mideast war does not happen sooner). I remain, SOROS