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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (71915)	12/30/2009 4:24:41 PM
From: Haim R. Branisteanu	Respond to of 74559

“We’ll gradually begin to call people back and to rebuild our overall sales and ability to ship product,” Owens said in a Dec. 11 interview with Bloomberg Television. “I think it will gradually begin to pick up as 2010 unfolds.” Caterpillar cut about 18,700 full-time jobs and about the same number of temporary workers since December 2008 (total of 37,000 workers!!!!)as the global recession reduced demand. The Peoria, Illinois-based company predicts 2010 sales will increase as much as 25 percent from the midpoint of the 2009 forecast range. but what until then?

To: Haim R. Branisteanu who wrote (71915)	12/30/2009 4:51:05 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

The masses self-deluded. It was obvious early in the decade that absurdly low interest rates and soaring house prices was not a good situation for people taking on 100% mortgages with no visible means of repayment. Blaming the banks is like drug addicts blaming their suppliers. The person choosing to pour the booze down their throats is the person at fault, not the booze maker, regulator or publican. <The criminal conduct of the major US financial institution brought about the recent economic hardship and at present they continue with the same delusion tactics in earnest. > What people choose to do with their own lives is their business. Mqurice

To: Haim R. Branisteanu who wrote (71915)	12/31/2009 11:13:17 AM
From: Haim R. Branisteanu	Respond to of 74559

Chicago PMI was revised down to 58.7 from 60 - this is a clear another indicator to delude the masses into believing in a recovery. •Update: On December 31, 2009, there was a follow-up report indicating seasonal-adjustment factors resulted in the initial reading being revised from 60.0 to 58.7. The comment below has been edited to reflect the change. •The Chicago PMI, which is compiled by the Institute of Supply Management - Chicago and Kingsbury International, Ltd., broke well ahead of consensus expectations as the index rose from 56.1 to 58.7 in December. The consensus estimate expected the PMI to fall one point to 55.1. •The index is now at its highest point since January 2006 and shows the third consecutive month of manufacturing expansion in the Chicago region. briefing.com In actuality the index in December was lower than in November at 52.8 (Nov. was 53.8) SEASONAL ADJUSTMENTS - brought it up to 60 which is now lowered. What a country - ruled by a small bunch of Thieves and Swindlers who have the upper hand ism-chicago.org