Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (1179)	3/4/2004 8:10:47 AM
From: Wyätt Gwyön	Read Replies (12) \| Respond to of 116555

comment ahead of ECB decision from Lance Lewis last night: Not getting a rate cut and then for the euro to still continue its selloff would be the most bearish thing that could happen in my mind. dailymarketsummary.com

To: orkrious who wrote (1179)	3/4/2004 9:03:40 AM
From: mishedlo	Respond to of 116555

Claims and Productivity Brian Reynolds Initial unemployment claims fell from 352k (revised from 350k) to 345k, right in line with the Bloomberg consensus. Also, 4Q productivity was revised down from 2.7% to 2.6%. Unit Labor Costs were revised up from -1.3% to -0.4%. This was a big quarterly move for unit labor costs. However, this was the annual benchmark revision for this series. Looking at the big picture, hours worked were revised slightly lower (resulting in higher productivity) while compensation per hour was revised up slightly. The net result was that overall unit labor costs ended up slightly lower than previously thought, despite the quarterly revision. Net, net, these numbers were neutral. The 10-year Treasury has been flat this morning at levels down 1/4 point from the close. After January factory orders at 10:00 AM (most of which are known because of the durable goods release last week), traders will be start positioning themselves for the payroll number tomorrow.

To: orkrious who wrote (1179)	3/4/2004 9:26:13 AM
From: mishedlo	Respond to of 116555

First-time claims for state unemployment insurance benefits fell 7,000 to 345,000 in the week ended Feb. 28 versus a revised 352,000 claims the prior week, the Labor Department said. Gee only 345,000 more people out of work than last week. When there is 100% unemployment new claims will drop to zero! Wont that be bullish?! Mish

To: orkrious who wrote (1179)	3/4/2004 9:31:32 AM
From: mishedlo	Respond to of 116555

New nickels story.news.yahoo.com New nickels honoring the 1803 Louisiana Purchase will soon be clinking in cash registers and jangling in pockets. It's the first makeover for the five-cent piece in 66 years. The back of the new coins look different, while the front looks the same, retaining the image of Thomas Jefferson, third president of the United States. Millions of the new nickels have been shipped to the Federal Reserve (news - web sites), supplier of the nation's cash. They should start showing up in change in several weeks, say officials of the U.S. Mint. Approximately 900 million of these new nickels have been made. Vending machines will be able to accept the new nickels because their composition — 75 percent copper and 25 percent nickel — and their size remains the same, Mint officials say. ============================================================ When do they start loading those tankers back to China with nickels? It could be our biggest export. Mish