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

To: MulhollandDrive who wrote (2181)	3/16/2004 9:51:08 AM
From: DMaA	Read Replies (1) \| Respond to of 116555

I was taught that rising productivity led inevitable to increased prosperity. Now it seems to be acting as a damper. The index is at its lowest level since 1993.

To: MulhollandDrive who wrote (2181)	3/16/2004 10:39:21 AM
From: mishedlo	Respond to of 116555

U.S. Feb. housing starts off 4% to 1.855 million By Rex Nutting WASHINGTON (CBS.MW) - Construction of new U.S. houses slowed about 4 percent in February to 1.86 million seasonally adjusted annualized units, the Commerce Department estimated Tuesday. It's the slowest pace of building since August. Economists were looking for starts to accelerate slightly to about 1.91 million in February, according to a survey conducted by CBS MarketWatch. January's starts were revised higher to 1.93 million from the previous estimate of 1.90 million. Starts of single-family homes fell about 4 percent to 1.49 million in February, the slowest since May. Building permits, considered a leading economic indicator, fell about 1.5 percent to 1.90 million annual units.

To: MulhollandDrive who wrote (2181)	3/16/2004 11:04:22 AM
From: mishedlo	Respond to of 116555

Fannie Mae reports good news! ggg Fannie Mae: Derivative Losses at $6.9 Bln Monday March 15, 10:25 pm ET NEW YORK (Reuters) - Fannie Mae (NYSE:FNM - News) said on Monday that its losses from certain derivatives positions were $6.9 billion, and not the $24 billion that a news report had suggested less than a week ago. biz.yahoo.com