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


To: Chispas who wrote (13935)10/25/2004 12:22:44 AM
From: mishedlo  Respond to of 116555
 
economic growth
cbs.marketwatch.com{8a5c25d4-f25c-4508-901e-4172550eb627}&siteid=mktw&dist=SignInArchive&archive=true&param=archive&garden=&minisite=

Third-quarter real U.S. economic growth is expected to come in somewhere above a 4 percent annual rate. Not too shabby.

But neither economists nor consumers are dancing in the streets like fans of the Boston Red Sox or St. Louis Cardinals. Why?

For starters, many economists feel that the economy is headed lower in the next six months. There are concerns that higher oil prices could curb growth and boost inflation.

Paul Kasriel, chief U.S. economist at Northern Trust, said the decline in money supply and the flattening of the yield curve are suggesting slower growth ahead.

"The behavior of the stock market is sending signals. Putting it all together, I think the main signal being sent is that the economy is slowing down," he added.

It might take a while for the slowdown to become obvious, according to Kasriel.