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

To: Knighty Tin who wrote (37589)	9/20/2005 11:53:09 AM
From: bull_dozer	Read Replies (1) \| Respond to of 116555

He did mention it in the third paragraph : "Congress reacted to Katrina in the expected irresponsible manner. It immediately appropriated over $60 billion with little planning or debate. Taxes won’t be raised to pay the bill – fortunately. There will be no offsets or spending reductions to pay the bill. Welfare and entitlement spending is sacrosanct. Spending for the war in Iraq and the military-industrial complex is sacrosanct. ..."

To: Knighty Tin who wrote (37589)	9/20/2005 11:55:20 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

I can show you huge rants against the war elsewhere. Perhaps he feels like he has covered that ground already. Mish

To: Knighty Tin who wrote (37589)	9/20/2005 12:17:33 PM
From: mishedlo	Respond to of 116555

Housing Construction Falls for 2nd Month By THE ASSOCIATED PRESS Published: September 20, 2005 Filed at 8:33 a.m. ET WASHINGTON (AP) -- Construction of new homes edged down in August for a second consecutive month, providing evidence that the nation's red-hot housing market may finally be cooling a bit. The Commerce Department reported that construction of new new homes and apartments dropped 1.3 percent last month after a decline of 1.5 percent in July. The decrease was larger than had been expected and it marked the first back-to-back declines in housing starts in 17 months. Analysts have for some time been forecasting that the super-charged housing market would slow, but they are not forecasting a repeat of the dramatic plunge in stock prices that occurred in 2000 with the bursting of a speculative bubble. nytimes.com