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

To: patron_anejo_por_favor who wrote (22837)	2/3/2005 7:04:02 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Where the F have you been? If you think you can just pop in after CFC and NEW etc go down you have another thing coming. gggg Now with Earlie coming out of the weeds, we expect to see more of you too! Mish

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 4:57:48 AM
From: zonder	Respond to of 116555

You betcha -g-

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 8:54:47 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

bullsh*t of the day U.S. Jan. unemployment rate falls to 5.2% Friday, February 4, 2005 1:45:16 PM afxpress.com WASHINGTON (AFX) - The U.S. unemployment rate fell from 5.4 percent to 5.2 percent in January, the lowest since September 2001, the Labor Department reported Friday. Nonfarm payrolls increased by 146,000 to a seasonally adjusted record of 132.573 million, as employment broke the February 2001 peak for the first time. With the payroll increase and an upward revision to past data, job growth in President Bush's first term totaled 185,000. Economists were expecting payroll growth of about 189,000, according to a survey conducted by MarketWatch. The jobless rate was expected to remain at 5.4 percent.

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 9:03:48 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

U.S. Jan. jobless rate falls to 5.2% - Friday, February 4, 2005 1:50:39 PM WASHINGTON (AFX) - The U.S. unemployment rate fell from 5.4 percent to 5.2 percent in January, the lowest since September 2001, the Labor Department reported Friday Nonfarm payrolls increased by 146,000 to a seasonally adjusted record of 132.573 million, as employment broke the February 2001 peak for the first time. With the payroll increase and an upward revision to past data, job growth in President Bush's first term totaled 119,000, letting him avoid the stigma of being the first president since Herbert Hoover to preside over net job losses. Economists were expecting payroll growth of about 189,000, according to a survey conducted by MarketWatch. The jobless rate was expected to remain at 5.4 percent. Payrolls have increased by an average of 137,000 in the past three months, a slow down from the 181,000 average pace in all of 2004 The average hourly wage increased 3 cents or 0.1 percent in January to $15.88 in January. Hourly wages are up 2.6 percent in the past year The average workweek declined to 33.7 hours from 33.8 hours. Total hours worked in the economy fell 0.1 percent. Average hours worked in manufacturing increased by a tenth to 40.7 hours The annual benchmark revision adjusted payrolls upward by 203,000 or 0.2 percent of employment. Payroll growth averaged 181,000 in 2004. Since the trough in May 2003, payrolls have grown 2.7 million The labor force participation rate fell a tenth to 65.8 percent in January Manufacturing and construction jobs declined by a total to 31,000, including 25,000 lost factory jobs. Jobs in the services increased by 177,000, including 19,000 in retail. Government added 12,000 workers. Within services, gains were spread among sectors. Health-care and education grew 35,000, professional and business services gained 25,000 and leisure and hospitality increased 20,000. Temp jobs increased by 17,500 in January In January, 57.8 percent of 278 industries were adding jobs, up from 53.8 percent in December. In manufacturing, 47 percent of 84 industries were adding jobs, up from 37.5 percent in December forexstreet.com

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 9:18:42 AM
From: mishedlo	Read Replies (4) \| Respond to of 116555

Well they took back 280,000 job lies over the past 6 months in one fell swoop today stats.bls.gov They will lie again about jobs for the next 6 months then if the pattern holds, take them back again in July. That is how the system works Mish

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 9:22:17 AM
From: mishedlo	Respond to of 116555

A Brief Technical Look at the U.S. Dollar gold-eagle.com

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 9:25:12 AM
From: mishedlo	Respond to of 116555

German Dec manufacturing orders up 7.1 pct vs Nov; consensus up 1.4 Friday, February 4, 2005 11:15:16 AM afxpress.com FRANKFURT (AFX) - German manufacturing orders rose a seasonally-adjusted 7.1 pct in December from November, according to preliminary data from the Economy and Labour Ministry Economists, on average, had forecast a rise of 1.4 pct In November, manufacturing orders were down 2.4 pct on October The ministry said the strong rise in December orders was due to an unusually high number of large orders, particularly for capital goods, which were up 12.8 pct Domestic orders rose 8.8 pct in December from November, while foreign orders were up 5.3 pct On a two-monthly basis, orders rose a seasonally-adjusted 1.6 pct in November and December from September and October, with domestic orders up 3.1 pct and foreign orders down 0.1 pct, the ministry said

To: patron_anejo_por_favor who wrote (22837)	2/4/2005 9:30:02 AM
From: mishedlo	Respond to of 116555

Fannie, Freddie regulator seeks power to close companies Legislation begins moving in Congress WASHINGTON (MarketWatch) - The federal office that regulates Fannie Mae and Freddie Mac is seeking authority to close the giant mortgage finance companies in the event of a financial crisis, as legislation toughening rules on the firms begins to make its way through Congress. "Receivership is a valuable thing," Patrick Lawler, chief economist of the Office of Federal Housing Enterprise Oversight, told a forum about Fannie Mae (FNM: news, chart, profile) and Freddie Mac (FRE: news, chart, profile) on Thursday. Receivership refers to the ability of a regulator to settle the affairs of a business or to manage a corporation during reorganization. Lawmakers and the Bush administration have their sights set on both Fannie and Freddie as the legislative year begins. Both companies, which pump millions of dollars into the mortgage market, have weathered accounting scandals recently, with two of Fannie's top executives resigning over a massive earnings restatement. The company may have to record a loss of $9 billion and it is still being investigated by the Justice Department and the Securities and Exchange Commission. Meanwhile, legislation is beginning to move through Congress. Republican Sens. Chuck Hagel of Nebraska, Elizabeth Dole of North Carolina and John Sununu of New Hampshire have co-authored a bill that would create a receiver for Fannie and Freddie, as well as allow for higher levels of capital at both institutions. The senators are members of the Senate Banking Committee, which has scheduled a hearing about Fannie and Freddie for Feb. 10. Assistant Secretary of Housing John Weicher is scheduled to testify. The Office of Federal Housing Enterprise Oversight is part of the U.S. Department of Housing and Urban Development. Separately, chief Securities and Exchange Commission accountant Donald Nicolaisen will testify before a House Financial Services subcommittee about his determination in December that Fannie Mae broke accounting rules. Meanwhile, a coalition of 37 federal, state and local groups urged the federal government and Congress to cut ties with Fannie and Freddie Thursday. Warning that Americans are threatened by a potential taxpayer bailout of the two companies, the groups recommended privatizing both. Shares of McLean, Va.-headquartered Freddie closed at $66.35 on Thursday, up 30 cents, while Washington, DC-based Fannie fell 40 cents to close at $64.02. marketwatch.com