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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (52953)	9/3/2004 11:38:21 AM
From: elmatador	Respond to of 74559

<<"because we acted our economy is growing again" and said 1.7 million jobs have been created since August 2003 and more than 200,000 in the last two months. President Bush opened his post-convention drive to the Nov. 2 election on Friday by arguing his economic policies are paying off with an increase of 144,000 U.S. jobs in August. "Our growing economy is spreading prosperity and opportunity and nothing will hold us back," Bush told a morning crowd of about 10,000 supporters at a minor league baseball stadium in this Scranton suburb of northeastern Pennsylvania. >> Thos numbers were jut in time. Just in time!

To: TobagoJack who wrote (52953)	9/3/2004 11:46:14 AM
From: elmatador	Respond to of 74559

Ford GM cut production blamed the patchy economy, weak job numbers and soaring oil prices reducing consumers' inclination to spend. It seems that outside Bush's campaign trail is a different story. Ford and GM cut production David Teather Friday September 3, 2004 The Guardian General Motors and Ford are cutting production in their domestic market over the coming months as car sales begin to slow amid wilting consumer confidence. The companies will make 165,000 fewer vehicles during the fourth quarter than they produced in the same period a year ago. Ford said sales fell by 13% during August, and GM reported a 14% decline, leading to stockpiles. They blamed the patchy economy, weak job numbers and soaring oil prices reducing consumers' inclination to spend. DaimlerChrylser said its August sales fell by 6%. Sales declines were most marked among the gas-guzzling sports utility vehicles. GM's Chevrolet Suburban dropped 38% and Ford's Expedition dropped 23%. The fall-off is of serious concern to an industry struggling to wean itself off costly incentives introduced to stimulate sales after the terrorist attacks of 2001. US carmakers are also facing intense competition from overseas. GM, the world's largest car-maker now expects to build 1.29m vehicles during the fourth quarter, down 6.8%. Ford is paring back production from 900,000 a year ago to 830,000 cars and trucks.

To: TobagoJack who wrote (52953)	9/4/2004 3:39:09 AM
From: Taikun	Read Replies (1) \| Respond to of 74559

From Northern Trust's Kasriel, one of my favorite economists: "hourly earnings are falling short of the current pace of inflation" "If the current recovery in nonfarm payrolls were comparable to the average post WWII performance, a total of 10.5 million jobs would have been created, compared with a meager increase of 604,000 jobs." ntrs.com Now if they can spin it well enough we might just get nice enough bond yields by December to warrant some rotation. Gold might drop sub $400 again! Whomever wins this election will have to deal with the side effects of this lie. It will not be pretty.