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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (232548)	5/13/2005 1:08:03 PM
From: tejek	Read Replies (1) \| Respond to of 1576787

Some headlines........like I said previously, the economic indicators are mixed. Wal Mart, a major retailer, is in trouble, consumer confidence is down, bus. inventories grew less than expected but then sales were up, oil dropped but is hanging out at a key support, etc. What has many economists worried is the twin negatives of high oil prices and budget deficits fueling inflation. That's why this economy has me worried. ******************************************** Wal-Mart stock and morale battered, woes pile up reuters.com Crude Prices slip, stay above $48 businessweek.com Consumer Confidence Slides in May By Jeff Miller Posted: 5/13/2005 10:52 AM (Rapaport...May 13, 2005) Consumers in the United States, polled by the monthly University of Michigan sentiment index, said their confidence dropped in May, despite Wall Street predictions of a confidence surge. April's index slid to 87.7, the lowest reading since September 2003. But May's index fell to 85.3, the fifth consecutive monthly decline. diamonds.net Business Inventories Rose 0.4 Percent in March** Rising inventories can signal either growing business confidence about future demand or an unexpected sales drop that causes unsold stocks to pile up. Business inventories are also a component of gross domestic product. The smaller-than-expected March inventory rise may prompt economists to reassess their estimates for first-quarter U.S. growth. nytimes.com

To: RetiredNow who wrote (232548)	5/13/2005 6:17:07 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 1576787

Re: I think it's clear that you aren't watching the economic indicators very closely. Not for lack of trying. When the news of pending major layoffs became too obviously bad news last fall, the Dept. of Labor simply decided to stop publicly releasing the reports. Is it my fault for not knowing that stat? Or is it your bad for being such a pollyannish and naive pontificator that you don't care that you are being bamboozled by bad stats? I think the later. You're sophomoric acceptance of the Elysian Fields version of reality pumped out through the media as propaganda for the unwary is pathetic.