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

To: RetiredNow who wrote (115680)	6/22/2012 11:50:58 AM
From: tejek	Read Replies (1) \| Respond to of 149317

BTW, despite all of Bernanke's wrong-headed efforts, cheered on by Krugman, I think we're finding out that feeding the economy crack was never destined to solve the root causes. The economy is in real trouble, because those root causes were never addressed. There's too much debt in the system and there are too many criminals that Obama has refused to prosecute, who are running the system. Philly Fed: Now THAT Is A Disaster The Philly index, much like the NY index, is one of the least important manu. indices. It covers a small part of the country whose manu. fortunes have diminished greatly in the last 50 years and tends to be very volatile. The most important manu. index is the ISM out of Chicago. That index remains above 50 which suggests continued expansion. BTW what metro area has the most manu. jobs? Curious if you know. Philadelphia Fed Index The Philadelphia Fed Index, also known as the Business Outlook Survey, is a survey produced by the Federal Reserve Bank of Philadelphia which questions manufacturers on general business conditions. The index covers the Philadelphia, New Jersey, and Delaware region. Higher survey figures suggest higher production, which contribute to economic growth. Results are calculated as the difference between percentage scores with zero acting as the centerline point. As such, values greater than zero indicate growth, while values less than zero indicate contraction. [1] The Philadelphia Index is conducted monthly by the Federal Reserve Bank of Philadelphia and questions voluntary participants on things such as unemployment, new orders, shipments, inventories, and prices paid. The report is released on the third Thursday of every month, making it the earliest such regional report which is released to investors. en.wikipedia.org