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

To: NOW who wrote (7310)	5/31/2004 11:58:27 PM
From: mishedlo	Respond to of 116555

OPEC to produce as much oil "as the market can absorb": Qatar Monday, May 31, 2004 5:59:27 PM BEIRUT (AFX) - The OPEC oil cartel will produce "as much as the market can absorb" in order to calm concerns about supply and price stability following the attacks in Saudi Arabia, a Qatari minister said "We will supply the market, as much as the market can absorb," Qatari Energy Minister Abdullah bin Hamad al-Attiya told reporters ahead of a meeting of the 11-member organisation due Thursday in the Lebanese capital "The fear factor has increased," he said, referring to the weekend attacks in the oil centre of al-Khobar, in eastern Saudi Arabia Attiya said he expected the Organisation of Petroleum Exporting Countries to approve an increase of at least 2.5 mln barrels per day (bpd) to its official production ceiling of 23.5 million bpd fxstreet.com ====================================================== Is this the bullshit of the day? M

To: NOW who wrote (7310)	6/1/2004 12:02:44 AM
From: mishedlo	Respond to of 116555

A NEW RECORD FOR NYSE MEMBER BUYING decisionpoint.com

To: NOW who wrote (7310)	6/1/2004 12:18:01 AM
From: mishedlo	Respond to of 116555

Inflation, Deflation, and the "Dollar Short" Message 20180462

To: NOW who wrote (7310)	6/1/2004 12:28:16 AM
From: mishedlo	Respond to of 116555

Housing Plan would ease ownership limits for illegal immigrants signonsandiego.com

To: NOW who wrote (7310)	6/1/2004 12:28:51 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Ultimately, real estate prices in a given location can never increase faster than income over the long-term. Even for the vast majority who choose to go into debt to live in a house, the level of debt service they can afford is totally dependent on their income. zealllc.com

To: NOW who wrote (7310)	6/1/2004 10:57:33 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

3 rules of bubbles moneycentral.msn.com

To: NOW who wrote (7310)	6/1/2004 11:22:37 AM
From: mishedlo	Respond to of 116555

U.S. May ISM shows factories growing at faster rate Tuesday, June 1, 2004 2:26:49 PM WASHINGTON (AFX) -- Factory activity in the United States accelerated in May from its already high level, the Institute for Supply Management reported Monday. The ISM index rose to 62.8 percent in May from 62.4 percent in April. This is the seventh month in a row that the index has been above 60. The increase was unexpected. The consensus forecast of estimates collected by CBS Marketwatch was for the index to fall slightly to 62.0. Readings above 50 indicate expansion. New orders fell to 62.8 in May from 65.0 in April. The employment index rose to 61.9 in May from 57.8 =========================================================== New orders fall but output and employment up.

To: NOW who wrote (7310)	6/1/2004 11:25:39 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. job layoffs flat in May Tuesday, June 1, 2004 2:17:35 PM WASHINGTON (AFX) - Job reductions by U.S. corporations were nearly unchanged in May at 73,368, up 1.6 percent from April's 72,184, according to a monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas. Retail companies announced 10,868 job reductions in May. Telecommunications companies announced 8,750, and government and nonprofit organizations cut 7,532 jobs Layoffs have essentially been flat for the past three months, near 70,000. The 12-month monthly moving average rose to 89,500 from 89,105 May layoff announcements were up 6.9 percent from the 68,723 reported in May 2003. Year-to-date, layoffs are down 28 percent from a year ago. The financial sector has cut the most jobs this year, 46,647 "Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends," said John A. Challenger, president of the firm. "Increased job cutting in the retail, financial and industrial goods sectors is not what one would expect in a strong recovery situation." "We still have not returned to pre-recession levels, when job cuts averaged about 51,000 per month," he said. The company tracks layoff announcements, not actual layoffs or reductions, which can be accomplished immediately or over a course of months. Some of the reductions result in voluntary departures, including retirements. The figures are not seasonally adjusted. For the first time, Challenger also released a tally of hiring announcements. In May, U.S. corporations announced plans to hire 55,307 workers. About half the hiring was in unspecified services and in government. fxstreet.com