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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (114231)	5/25/2012 5:57:28 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Now there are some propituos things occuring during these dog days of summer. Notice the significant uptick in consumer sentiment data released today. The housing industry is also on the uptrend form the figure of new homes and existing homes sales. The price of oil has come down in the past several weeks. And if some agreement is reached with Iran, the prices are expected to fall further. So come August I am anticipating the jobs will pick up, economy will look even better than it is today. And add to that the Republican party's desire to see this country fail which the people will see through by then (happening in Mass. already with Warren in dead heat with Brown) Notice how Romney is nervous and is making an attempt to court the minority when he has advocated a immigration policy that is working against those very folks. Just my observations FWIW. All good observations.

To: ChinuSFO who wrote (114231)	5/26/2012 5:16:45 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Don't be so quick to see an upturn coming just because we all desperately want that. The key leading indicators are telling us the exact opposite. This business up-cycle is already 4 years old, which is long in the tooth. A down-cycle is not only expected, but a natural part of the economic processes. If an upturn was coming, then why are we seeing major exporting economies that derive a substantial portion of their GDP from selling to the US and Europe slowing down dramatically. If recovery was coming, then why is the Eurozone a hairswidth from recession and trending worse? No, there's not recovering coming in the next 3 months. That's just wishful thinking. --------------------- Chinese manufacturing activity 'contracts in May' bbc.co.uk China's manufacturing activity contracted in May, a survey has shown, indicating that the rate of growth in the economy is continuing to slow.The HSBC Purchasing Managers' Index (PMI) fell to 48.7 from 49.3 in April.The data comes amid fears that a global economic slowdown may hurt demand for China's exports in key markets such as the US and Europe.The PMI is a key indicator of manufacturing activity and a reading below 50 indicates contraction.The HSBC index has remained below that mark for seven straight months now. The official PMI data for May is expected to be released in the first week of June. European business activity falls to near three-year low bbc.co.uk Activity at European businesses hit a near three-year low in May, according to a survey by Markit.Its index, based on a survey of purchasing managers in the manufacturing and service sector, fell to 45.9 in May, a 35-month low. US manufacturing growth slows in May bbc.co.uk US manufacturing growth slowed in May as exports weakened, according to a report from research firm Markit.Its purchasing managers index' (PMI) fell to a three-month low of 53.9, down from 56.0 in April. A reading above 50 indicates expansion. Thailand exports fall in April as global demand slows bbc.co.uk Thailand has reported a surprise fall in its exports for April because of falling demand from key markets such as Europe and the US.Shipments fell 3.7% from a year earlier. Many analysts had forecast an increase of more than 3%.