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

To: Wyätt Gwyön who wrote (9270)	7/15/2004 10:31:51 AM
From: Jim Willie CB	Respond to of 116555

Detroit makes money on mortgages and car loans they lose it on health care, in particular with retirees in the backwater they spend on steel and engines and plastics and wheel assemblies and tires nowhere is evidence of over-productive more evident in our economy thus, zero deals WITH cashbacks and a destroyed used car market this sector will be nationalized by 2006 or disappear / jim

To: Wyätt Gwyön who wrote (9270)	7/15/2004 10:44:14 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 116555

I am astonished that economists dont see the slowdown they seem confused that consumer spending is down that inventorys are up that Chicago PMI is down that ISM is down that retail sales are down in many places that car sales are down that consumer cell phone sales are slipping that mfg cap utilzn is down the trade gap news on May gave the final confirmation to me imports are flattening out, while exports are rising some details nationally on imports to USA OPEC rose to $5.6B from $5.3B in April China grew to $12.1B from $12.0B Japan fell to $6.4B from $5.5B EuroUnion fell to $7.9B from $9.6B Canada fell to $4.8B from $5.6B we are importing less overall the Canadian number tells me we are importing less raw materials all evidence of slowing down the big factors were higher longterm rates, higher energy costs do economists look at these numbers? do they look past their corporate agendas? can they see VIX is low chronically? what do these people look at ?!?!?!? / jim