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

To: UncleBigs who wrote (71075)	10/5/2006 10:31:37 AM
From: Walkbarr	Read Replies (1) \| Respond to of 110194

Are you forgetting the Durable Goods numbers last week, off .5% instead of the increase that was expected. How about the ISM number that was lower then expected, getting closer & closer to 50, which denotes a negative growth. Not all indicators are looking up....

To: UncleBigs who wrote (71075)	10/5/2006 10:35:50 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 110194

That isn't what I wrote. You suggested the economy was stronger than most people expected. Aside from this board, I think the opposite is true. The economy is weaker than most people expected. Remember most people expected GDP growth of 3.5% in the 2nd half of '06. Now those predictions are being revised down quickly. Sure there are a few positive data points, but in general the economy is slowing quicker than most people expected (except on this board).

To: UncleBigs who wrote (71075)	10/5/2006 11:34:53 AM
From: kris b	Respond to of 110194

unemployment claims are near cycle lows. Unemployment and retail sales ( as long as people have jobs they will be spending like there is no tomorrow ) are lagging indicators. Both will go down (with a lag) once the economy weakens even further by the end of the year. Housing ATM is shutting down. This is the last shot at home owners equity before house prices drop even more evaporating completely whatever is left of the so called "wealth". Be patient. It takes time to slaughter all the sheep.