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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (11988)	4/15/2004 12:44:45 PM
From: mishedlo	Respond to of 110194

Philly manufacturing improves in April Thursday, April 15, 2004 5:21:29 PM WASHINGTON (AFX) - Manufacturing in the Philadelphia region expanded at a faster pace in April, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed's activity index rose to 32.5 in April from 24.2 in March. This is the eleventh month in a row the index has been above zero, which indicates expansion. The rise was larger than expected. Economists were expecting the index to rise to 25.9, according to a MarketWatch survey. The new orders index rose to 26.1 from 21.9 in March. The employment index fell slightly to 12.2 from 12.3. The expectations index fell to 33.6 from 36.7. The prices paid index moderated to 51.9 in April after hitting a 9-year high last month

To: Haim R. Branisteanu who wrote (11988)	4/15/2004 12:54:20 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Security Alert in Saudi Arabia Minyanville reported that the State dept has asked all non-essential persons to leave Saudi Arabia citing security concerns M

To: Haim R. Branisteanu who wrote (11988)	4/15/2004 1:30:59 PM
From: isopatch	Read Replies (1) \| Respond to of 110194

Well that's the idea. Pom pom waving FED members are doing their part of the election year dance. Like any other organization the group takes it's lead from the boss. And Greensputin is one of the worst political hacks we've ever had as a FED chairman. And his poor forecasting skills (which date back at least to his days at Townsend & Greenspan on W.S.) have kept him behind the curve at every economic inflection point in his tenure as chairman. And that's why the Greenspan FED's monetary policy record looks like a manic/depressive on steroids! Reelect the incumbents regardless of party is the mantra. <Goldilocks Economy> here we come. With the recent strong dollar, the FED now has the wiggle room to ramp the monetary aggregates growth rate back up. And per the charts in my earlier post, that's exactly what's happening. Like I said. If I'm wong? Come back and hit me over the head with these posts in August.<g> But I'm not wrong. FWIW, I've been a professional investor since 1986 and rarely have much less take the time to post outside my own thread: Natural Resource Stocks. But when something very important is happening (two perhaps three times a year) I put the post up on several other threads. Gotta run. Good luck with your trading/investing. Isopatch