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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (13589)	11/6/1997 10:09:00 AM
From: Brian Fukuba	Read Replies (2) \| Respond to of 50167

Economic Calendar: Initial Claims 315K vs forecast 302K, Challenger Layoffs 47K From: briefing.com Week of November 03 - November 07 Actual/ Date Time Release Period Forecast Market Previous 11/03 08:30 Personal Income Sep 0.4% 0.3% 0.6% 11/03 08:30 PCE Sep 0.2% 0.3% 0.3% 11/03 10:00 NAPM PMI Oct 56.0% 53.5% 54.2% 11/03 10:00 Construction Spend Sep -1.1% 1.0% -0.3% 11/04 09:00 Mitsubishi Index 11/01 0.1% 0.6% -0.5% 11/04 10:00 Leading Indicators Sep 0.2% 0.2% 0.2% 11/04 14:55 LJR Redbook 11/01 0.7% N/A 0.6% 11/04 Car Sales Oct 6.6M 6.7M 6.8M 11/04 Truck Sales Oct 6.2M 6.3M 6.3M 11/05 10:00 Factory Orders Sep 0.4% -0.2% 1.3% 11/06 08:30 Initial Claims 11/01 315K 305K 299K R 11/06 10:00 Challenger Layoffs Oct 47K N/A 21K 11/06 16:30 M2 10/27 N/A N/A $13.9B 11/06 Chain-Store Sales Oct 4.5% 3.5% 2.9% 11/07 08:30 Nonfarm Payrolls Oct 240K 190K 215K 11/07 08:30 Unemployment Rate Oct 4.8% 4.8% 4.9% 11/07 08:30 Hourly Earnings Oct 0.3% 0.3% 0.3% 11/07 08:30 Avg Workweek Oct 34.6 34.5 34.5 11/07 10:00 Wholesale Inv Sep 0.4% N/A 1.0% 11/07 15:00 Consumer Credit Sep $5.0B $4.5B $4.3B Current Release: Initial claims: briefing.com Other Releases: Mitsubishi Index/LJR Redbook: briefing.com Leading Indicators: briefing.com Personal Income/PCE: briefing.com NAPM PMI: briefing.com Construction Spending: briefing.com Car/Truck Sales: briefing.com Factory Orders: briefing.com M2: briefing.com Nonfarm Payrolls, Unemployment Rate, Hourly Earnings, Avg Workweek: briefing.com Wholesale Inv.: briefing.com Consumer Credit: briefing.com *note: time reporting is Eastern time. This was captured from briefing.com Actual #'s R Revised #'s Will try to post #'s as soon as they are released. bri

To: Nemer who wrote (13589)	11/6/1997 2:32:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Nemer- I talked on BK because the underlying argument made by the poster was contradictory- deficit financing is a good financing if it is spent on development and research alongwith improving ailing infrastructure or quality of human capital- US has been wisely utilising its borrowings if they decide to retire US debt as they have already made a resolve not to contract new deficits- imagine how deflationary shrinking deficits can be moreover massive liquidity chasing shrinking requirement will make these assets very dear- this can only make prime US assets more dearer as quantity of AAA instruments reduces ultimately this will lead to higher premiums on bonds in the first stage and other prime assets in the second stage- US as Cohen is quoted is an oasis of growth amidst slow economic progress made by some of the other OECD countries.