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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (682314)	5/14/2005 9:07:36 PM
From: CYBERKEN	Respond to of 769667

One of the few serious challengers to Patsy's thread moron crown is back. Rock nj is a real rock head...

To: Rock_nj who wrote (682314)	5/14/2005 9:42:48 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 769667

Re: the assessments from the CIA continued to paint a dire threat from the Soviet Union up until it simply vanished. Kind of like the overstated threat posed by terrorists in our modern era About as inaccurate a statement as one could ever make.

To: Rock_nj who wrote (682314)	5/14/2005 9:54:17 PM
From: Hope Praytochange	Respond to of 769667

Is the Economy Growing at 6%? in Economy Final thoughts on the April NFP report, via Barron's Alan Abelson. He cites Merrill Lynch economist Daid Rosenberg, who like us, feels that "strange things are afoot at the Circle-K:" "Alas, we came across David Rosenberg's take on April jobs, and it was pretty gloomy. Right off the bat, David, who's Merrill Lynch's top economist, casts doubt on the seemingly glowing numbers, which were, as it happens, much higher than the Street was forecasting (there's always a first for everything). "Do you believe the economy is growing at a 6% annual rate right now?" he asks rhetorically. "Because if you don't, in my view, there is no way you can believe the strength in today's nonfarm payroll report." April's jobs data, he feels, "vastly overstated economic conditions last month." The gains that supposedly occurred in retail, construction and telecom just don't square with what has been happening in those sectors. He notes that the economy is undergoing a classic inventory correction and the trend in the leading economic indicator is down. All of which means, he contends, job additions in the months ahead closer to 130,000 than 170,000. Dementia, shmentia, we'll just have to postpone being bullish." bigpicture.typepad.com