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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (35111)	6/30/2005 8:41:08 PM
From: ild	Read Replies (3) \| Respond to of 110194

Kasriel: Political Economic Reasons Why The Fed Is On The Cusp Of Pausing northerntrust.com

To: mishedlo who wrote (35111)	7/1/2005 10:11:21 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Spending on U.S. construction projects fell by 0.9% in May, reversing economists' expectations of a 0.5% gain, the Commerce Department estimated Friday. Revised April construction spending also fell 1.1%, having been previously estimated to gain 0.5%. Private construction fell 1.6% in May and residential construction dropped 1.7%. Public construction, state and local and federal construction all posted gains in May, the department said. I watched Kudlow yesterday, and he did present some charts on freight , rail and shipping activity that shows the goods moving sector is falling of a cliff.