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

To: RodgerRafter who wrote (18622)	12/15/2004 11:16:22 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Rodger - Welcome. Russ wants to hear more from you. BTW, I am going to guess that post by Zonder came from another hedge fund, I doubt she wrote it. I forgot to add, Zonder agress with you 100% that the FED needs to tighten. Mish

To: RodgerRafter who wrote (18622)	12/15/2004 11:17:18 AM
From: mishedlo	Respond to of 116555

U.S. capital flows slow in October Wednesday, December 15, 2004 3:52:50 PM afxpress.com WASHINGTON (AFX) -- Capital flows into the United States slowed in October to their lowest level in a year, the Treasury Department said Wednesday Private purchases of U.S. financial assets fell while purchases by foreign central banks rose slightly Total net capital inflows fell to $48.1 billion in October from an upwardly revised $67.5 billion in September The dollar continued its decline on the news. In morning U.S. trading, the dollar was down 1.3 percent against the Japanese currency to 104.23 yen and the euro stood at $1.3416, up 0.8 percent on the day Foreign purchases of net domestic securities fell to $63.3 billion in October from $64.7 billion in September Foreign purchases of U.S. Treasurys rose to $18.3 billion in October from $15.8 billion in September. And foreign purchases of U.S. equities rose to $3.8 billion in October, following two consecutive months of net selling Private net purchases fell to $49.1 billion in October from $51.7 billion in September Foreign central banks bought $14.2 billion of U.S. assets, including $14.8 billion of Treasurys and $0.9 billion of corporate bonds. Central banks sold $800 million of agency bonds and $700 million in equities.

To: RodgerRafter who wrote (18622)	12/15/2004 11:38:10 AM
From: zonder	Read Replies (3) \| Respond to of 116555

It is not my analysis, but I will be happy to forward your correction to the economist who wrote it. You can argue that the use of the word "gradually" makes them sound less optimistic about the economy and prone to pause in the future, but I would counter that recent data on the inflationary front and pressure on the dollar are much more alarming to the Fed. I actually agree with you. Stick around. I could use some help beating sense into mish the next time we get around to this topic :-) Message 20823997