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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (138762)	8/10/2001 7:59:03 PM
From: TimF	Respond to of 1577095

Next Week's Market Forces By Matthew Freedman 8/10/01 11:20 AM ET Chicago Federal Reserve Bank President Michael Moskow aptly described current economic conditions in a speech this past week: "An underperforming economy may be rare, but it's nothing new. What is different today are the mixed signals we see in the marketplace. The combination of weaknesses and strengths and risks is both unusual and challenging." dismal.com ECRI Weekly Leading Index First Take The ECRI Weekly Leading Index (WLI) slipped to 120.9 from a revised 121.2 the previous week. Despite this slight decrease, the six-month smooth growth rate improved to –1.4% from –2.1%. The six-month growth rate attempts to smooth weekly fluctuations in the index by acting like a moving average, and is more representative of the WLI’s trajectory. The rise in this week’s growth rate marks the third straight improvement in this measure, suggesting that better economic times lie ahead... Weakness is not isolated to just labor markets. Lackluster prices for industrial materials suggest continued weakness in manufacturing, while poor earnings have caused sluggish stock prices on Wall Street. These weaknesses remain, and could slow recovery efforts. While the housing market remains strong, it too could weaken if consumer confidence wanes. The mixed reading of the WLI points toward recovery, but it promises to be slow and painful. dismal.com Some of the links in my recent posts where found at Subject 37468