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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey D who wrote (2741)8/29/2002 1:22:48 PM
From: BWAC  Respond to of 25522
 
<UBS wouldn't be buying today after their downgrade would they? NAAH....I'm sure those professionals wouldn't do that!>

There is something for the SEC to investigate. After they finish chasing 4000 share Martha and 13 year old Yahoo's of course. You know, have to keep the big picture and focus.

I'm tired of these Financial Terrorists. They should be jailed in Cuba with the Taligoons.



To: Jeffrey D who wrote (2741)8/30/2002 8:48:33 AM
From: Proud_Infidel  Read Replies (1) | Respond to of 25522
 
Consumer Spending Up 1 Percent

By JEANNINE AVERSA 08/30/2002 07:34:58 EST
WASHINGTON (AP) - Consumers, the mainstay of the economy, splurged in July, increasing their spending by 1 percent, the largest advance in nine months, the government reported Friday.

Free-financing, especially on cars, discounted merchandise and other incentives motivated shoppers to spend. Warm weather in some parts of the country also induced people to hit the malls.

While the increase in consumer spending, reported by the Commerce Department, provided a dose of good news for the struggling economic recovery, another figure in Friday's report seemed less encouraging.

Americans' incomes, which includes wages, interest and government benefits, was flat in July, reflecting the stagnant jobs market. Wages and salaries actually dipped by 0.2 percent.

Income growth is the fuel for consumer spending, which accounts for two-thirds of all economic activity in the United States.

The income picture was weaker than the 0.2 percent increase many analysts were predicting. But the spending side was stronger than the 0.7 percent advance that was forecast.