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

To: loantech who wrote (30797)	5/26/2005 9:59:09 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 116555

Man, this is confusing. The Highway scam sounds awful, but then Mish says that Bush wants to veto it. By definition, Bush cannot do anything intelligent or good for the country. What am I missing? <G>

To: loantech who wrote (30797)	5/26/2005 11:35:30 AM
From: mishedlo	Respond to of 116555

Japan April corporate services price index falls 0.2 pct month-on-month Thursday, May 26, 2005 12:23:18 AM afxpress.com TOKYO (AFX)- The corporate services price index fell 0.2 pct in April from the previous month, the first decline in three months, the Bank of Japan (BoJ) said Year-on-year, the index dropped 0.4 pct in April, the 55th consecutive month of decline The index tracks prices for a wide range of corporate services, ranging from finance and insurance charges to prices for shipping goods by road, rail, air or sea, software development costs, telecommunications charges and legal and accounting costs The index stood at 93.5 for March, against 100 for the base year of 1995, showing an overall drop of 6.5 percentage points in corporate service costs over the past 10 years All price data are being watched closely for evidence of whether Japan is close to winning its battle with deflation, possibly triggering a change in the Bank of Japan's ultra-easy credit policy Last month the government reported the nationwide core consumer price index (CPI), the BoJ's primary measure of price trends, fell 0.3 pct in March BoJ governor Toshihiko Fukui has repeatedly vowed that the central bank will maintain its ultra-loose monetary policy until the year-on-year change in the nationwide core consumer price index remains at or above zero for a prolonged period, shows no sign of again turning negative, and the economy is steadily growing The BoJ said transportation service prices rose by 0.9 pct in April from the previous year, compared to an increase of 0.1 pct in March But prices of software development service declined by 0.5 pct, reversing a 0.2 pct rise in the previous month

To: loantech who wrote (30797)	5/26/2005 11:38:33 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

CEA nominee Bernanke: China must move to flexible yuan [This clown is truly dangerous - Mish] Wednesday, May 25, 2005 2:47:53 PM afxpress.com WASHINGTON (MarketWatch ) -- China should move quickly to a more flexible exchange rate, said Ben Benanke, the governor of the Federal Reserve Board who is being nominated by President Bush to become chair of his Council of Economic Advisors. A more flexible exchange rate was part of the solution to the massive U.S. current account deficit, he said. Benanke said there would be a measurable impact on U.S. interest rates if China stopped purchasing U.S. Treasuries, but said the impact would not be so large as to be dangerous to U.S. financial markets