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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 (72196)	10/17/2006 1:54:09 PM
From: Jack of All Trades	Respond to of 110194

UB, I tend to agree with you, my company is still seeing capital equipment expansion in technology. Although we had a weak Aug, Sept and Oct are not turning out too bad. Consumer has not rolled over yet, I know my wife has been contributing lately... Plus gas here in NH running 2.00-2.20 for reg...

To: UncleBigs who wrote (72196)	10/17/2006 1:58:03 PM
From: orkrious	Read Replies (4) \| Respond to of 110194

So far, there is no evidence that the consumer is even thinking about pulling back. I think I have a slightly different perspective on what's happening since I live in one of the first places to have housing implode...Detroit. Business here sucks. It likely is due to the auto industry as much as anything else, but I suspect housing is a part of it, too. We all know housing is headed down the crapper and that housing has been a huge part of our economic growth the last few years. Where housing goes, so goes the economy. It's not pretty here and I think that's where everywhere else is headed. Yes, some retail sales have picked back up but I've been to some malls around here lately and most aren't doing great. Unemployment claims may be near cycle lows, but that's another questionable gov't statistic. There may not be huge layoffs here at the moment but there sure aren't many jobs if you don't have one. Stock market gains and lower gas prices have caused consumer confidence to soar. Not around here. Yes, lower (relative to where they were) gas prices are a help, but not when your house can't sell or your wages haven't gone up in years. A soaring stock market? That affects almost no one here. As housing continues to implode, like Road Runner, people are going to look down and see nothing but air.