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

To: Elroy Jetson who wrote (5611)	5/5/2004 10:48:21 AM
From: Knighty Tin	Respond to of 116555

The voters should have paid attention when they found out that Arnold was present at meetings with Ken Lay and other executives during the time when they hatched their energy conspiracy. Though he says they never discussed that stuff with him. I believe him, but he's still buddies with those types of people and not likely to rain on their parade.

To: Elroy Jetson who wrote (5611)	5/5/2004 10:53:50 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Prepare for worst, Michael Belkin warns In an update interview this week, he said his research suggests that the market will revisit its October 2002 lows, and he is sticking to his prediction of a “high-volatility dislocation” -- you might call it a crash -- en route. He still singles out semiconductors as likely victims, but has now added emerging markets to a long list of investment areas he expects to get clobbered moneycentral.msn.com

To: Elroy Jetson who wrote (5611)	5/5/2004 11:19:19 AM
From: mishedlo	Respond to of 116555

Euro zone March retail sales down 0.2 pct vs Feb, up 0.9 pct yr-on-yr Wednesday, May 5, 2004 10:15:30 AM BRUSSELS (AFX) - Euro zone retail sales fell 0.2 pct in March from February, but were up 0.9 pct year-on-year, EU statistics office Eurostat said. Economists polled by AFX News had forecast a month-on-month rise of 0.2 pct. By sector, euro zone retail sales of food, drinks and tobacco were up 0.2 pct from February, while the non-food sector posted an increase of 0.3 pct. Year-on-year, euro zone retail sales of food, drinks and tobacco rose 0.8 pct, while the non-food sector was up 0.9 pct

To: Elroy Jetson who wrote (5611)	5/5/2004 11:21:41 AM
From: mishedlo	Respond to of 116555

German April adjusted jobless up 23,000 vs March - Labour Office Wednesday, May 5, 2004 9:16:43 AM NUREMBERG, Germany (AFX) - The number of jobless in Germany in April rose a seasonally adjusted 23,000 from March, said the Labour Office, confirming earlier figures from the DPA news agency Economists polled by AFX News had forecast on average a rise of 10,000 In west Germany, there was a seasonally adjusted rise of 12,000, and in east Germany a rise of 11,000, the Office said The adjusted jobless rate nationwide was 10.5 pct, up from 10.4 pct in March. Economists had forecast an unchanged rate of 10.4 pct "The state of the labour market has further deteriorated. The economic growth is too weak to give the labour market a boost," the head of the Labour Office, Frank-Juergen Weise, said The unadjusted jobless total was 4,443,400 in April, down 104,100 month- on-month, and down 53,300 year-on-year due to seasonal reasons. The unadjusted jobless rate was 10.7 pct, the Office confirmed In west Germany, the number of jobless fell an unadjusted 66,700 month- on-month in April to 2,804,700. In east Germany, the unadjusted total fell 37,300 month-on-month to 1,638,600, the Office said fxstreet.com

To: Elroy Jetson who wrote (5611)	5/5/2004 11:24:06 AM
From: mishedlo	Respond to of 116555

French April services PMI 55.0 vs 55.9 in march; consensus 55.9 - sources Wednesday, May 5, 2004 9:28:56 AM PARIS (AFX) - The French services sector purchasing managers' index fell to a seasonally adjusted 55.0 in April from 55.9 in March, according to market sources Analysts polled by AFX News had forecast a consensus 55.9 reading for April. A reading above 50 indicates that the services sector is generally expanding, while a reading below 50 suggested it is generally contracting