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

To: ThirdEye who wrote (13131)	10/8/2004 11:33:45 AM
From: mishedlo	Respond to of 116555

Lumber futuresource.com

To: ThirdEye who wrote (13131)	10/8/2004 11:41:33 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

From Goofy on the Fool on car sales Mish question: is this the way sales are really counted? =========================================================== Ahem! Those September sales GM & Chrsler were crowing about are sitting on the dealer lots. I might add that if they work the same way as heavy equipment the sale is counted when it goes to the dealer, not when it is retailed to the consumer. In the equipment/farm machinery biz, the manufacturers reserve for the discounts they are going to allow to move the surplus inventory. But since the Big 3 are already discounting their a$$es off, where are they going? I'd love to see the balance in the reserve for sales discounts account. If you are in the new car market screw em to the wall. I think this is a bigtime buyers market.

To: ThirdEye who wrote (13131)	10/8/2004 11:52:20 AM
From: mishedlo	Respond to of 116555

JP Morgan´s Glassman says hurricanes hit job data Friday, October 8, 2004 1:31:04 PM afxpress.com JP Morgan's Glassman says hurricanes hit job data WASHINGTON (AFX) -- There is "circumstantial evidence" that the hurricanes that hit the Southeastern United States subtracted jobs from the Sept. nonfarm payroll report, even though the Labor Department said it could not quantify the impact, said Jim Glassman, economist at JP Morgan Chase. Therefore, it would be premature to come to a conclusion about the strength of the labor market, he said. Glassman said he agrees with the analysis of the Federal Reserve that the economy is regaining traction after a slowdown in the summer. He said the Fed was on track for a quarter-point rate hike on Nov. 10. Whether the Fed remains on hold at the December meeting depends on economic data released over the next two months, he said =========================================================================== I think they were short treasuries Mish

To: ThirdEye who wrote (13131)	10/8/2004 12:40:40 PM
From: mishedlo	Respond to of 116555

Fed´s Ferguson against explicit inflation target Friday, October 8, 2004 4:15:43 PM afxpress.com Fed's Ferguson against explicit inflation target WASHINGTON (AFX) -- Reflecting a split among Federal Reserve officials about the benefits of adopting an explicit inflation target, Fed governor Roger Ferguson said Friday that he is opposed to the idea. Ferguson said he thought an explicit target might limit the ability of the Fed to respond to sharp growth slowdowns or events that threaten the stability of the financial system. Several Fed officials have spoken favorably this week about the idea of the Fed setting a fixed target for inflation. Ferguson made his comments in an address to a conference examining the legacy of former Fed chairman Paul Volcker, sponsored by the Fed bank of St. Louis ======================================================================== This battle is really interesting. Seems to me some on the FED are very concerned about something. Gee what could it be? Jobs housing wages Mish