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

To: Crimson Ghost who wrote (14708)11/3/2004 12:02:12 PM
From: mishedlo  Respond to of 116555
 
Dollar falls after unexpected factory orders decline
Wednesday, November 3, 2004 3:56:25 PM
afxpress.com

CHICAGO (AFX) -- The dollar fell after a U.S. report showed an unexpected fall in factory orders. That report was not offset by a stronger reading for a service-sector index. The dollar slipped to 106.24 yen vs. 106.32 yen before the U.S. data. The dollar remained up 0.2 percent compared to Tuesday. The euro had strengthened to $1.2798 vs. $1.2786 before the data. The euro was up 0.5 percent on the dollar compared to Tuesday



To: Crimson Ghost who wrote (14708)11/3/2004 12:47:41 PM
From: John Vosilla  Respond to of 116555
 
Truly a race between skyrocketing debt that must be paid back and skyrocketing home wealth which could be illusionary to see which one triggers the downslide.

<In America inflation is defined as rising prices for things people buy. But higher prices for owned assets such as stocks and real estate are seen as creating "wealth.">


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