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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (6555)	9/17/2002 9:40:58 AM
From: interesting man	Respond to of 89467

Business - Reuters Production Posts a Surprise Decline Tue Sep 17, 9:23 AM ET WASHINGTON (Reuters) - U.S. industrial output posted an unexpected decline in August, the Federal Reserve ( news - web sites) said on Tuesday in a report that raised concerns about the manufacturing sector's fragile rebound. The Fed said output of U.S. factories, mines and utilities dipped 0.3 percent in August after a revised 0.4 percent gain in July. The drop was the first since December 2001. Manufacturing output, the largest portion of the total production, dipped 0.1 percent. Businesses also operated at a slower pace in the month. Capacity utilization decreased to 76.0 percent from July's revised 76.2 percent. "Automotive products, which posted sizable gains in June and July, decreased 0.5 percent. Output also declined in the other major market groups within consumer durables -- home electronics and appliances, furniture and carpeting," the Fed said. Analysts polled by Reuters had expected production to rise by 0.2 percent and capacity in use to come in at 76.1 percent.

To: TigerPaw who wrote (6555)	9/17/2002 10:46:11 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

a quick thought on auto giveaway effect on used market all these zero-rate sales, and cash-back sales of cars has really killed the values of used cars it has led to overflowing used car inventories, and plummeting values for trade-ins not only has Detroit engineered a slaughter of new prices, but they have crimped the used as well this has created a hidden effect that few have discussed if your trade-in credit goes down, and the new price also goest down, then it is a nada wash you havent gained anything a friend recently traded in his Buick he got shit on tradein but he was pleased about the low finance cost he gained nothing but walked out with a smile on his face I dont get it the benefit from lower new price is offset by a pitiful tradein credit Detroit has become a revolving door of profitless sales I dont see how they can continue to finance their whopping debt meanhilee, J6P turns over his/her fleet gladly reminds me of buying those pieceofshit IPO stocks there is no deflation in auto sales this is apparent on tradein for a new car but the delusion keeps sales at a brisk level one more sham log on the fire / jim