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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (249489)	7/11/2003 9:23:20 AM
From: sammaster	Read Replies (1) \| Respond to of 436258

trade deficit widens.... exports up but imports up even more...and that is the month(may) where post saddam oil fell to 24 bucks.... so despite lower dollar and cheaper oil in may, deficit went up... not what the spinnsters were thinking(hoping) would happen

To: Earlie who wrote (249489)	7/11/2003 9:25:06 AM
From: Haim R. Branisteanu	Respond to of 436258

Great reason for a continuation of the stock market rally, as we do not eat and there is no need of electricity or heat (energy prices are way up as is food) Energy prices rose 3.4 percent last month after falling 2.6 percent in May. Gasoline prices increased 7.6 percent after falling 11.1 percent. Crude oil and wholesale gasoline prices rose to three-month highs in mid June amid concerns inventories were low heading into the busiest driving season. The backup in fuel costs may hamper the expected economic rebound in the second half of the year, some economists said. Three quarters of economists surveyed by Blue Chip Economic Indicators this month said they were at least moderately concerned that higher energy costs would retard growth in the next six months. Intermediate Prices Food prices rose 0.4 percent after rising 0.1 percent in May. Last month's gain reflected higher costs for beef, veal and pork. Intermediate goods prices rose 0.5 percent in June after falling 0.8 percent. Excluding food and energy, intermediate prices were unchanged after falling 0.1 percent. Prices for crude goods, which are used at the earliest stage of production, rose 4.5 percent after rising 1.7 percent. Core crude goods prices, excluding food and energy, increased 0.6 percent after falling 1.9 percent the previous month. So far this year, producer costs excluding food and energy are running at a 0.5 percent annual rate compared with no change in the same six months last year. The overall PPI in June was 2.9 percent higher than the same month last year. Producer prices are running at a 4.8 percent annualized pace in the first half of this year compared with a 1.3 percent rate from January through June of 2002.