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

To: Steve Lokness who wrote (10022)	7/30/2004 11:43:15 AM
From: mishedlo	Respond to of 116555

My guess is indeed the consumer is tapped out. As for trucking and rails, I think stores are in denial and EVERONE now thinks this will be a "blip" thanks to the comments from Greenspan. Perope are finally believeing in the recovery. 55 out of 55 economists predicted higher interest rates next year. First unanimous vote ever. Mish

To: Steve Lokness who wrote (10022)	7/30/2004 2:06:04 PM
From: russwinter	Read Replies (1) \| Respond to of 116555

<Might the speculator now be the engine keeping the economy going replacing the consumer?> In my view that's a big part of what's happening (plus some natural shortages from maladjustments and because capital is flowing into the wrong areas). And the speculator is enabled, dare I say, encouraged, by the easy money.