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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4847)	6/26/1998 6:40:00 PM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

Currency Traders' average IQ ??? or perhaps life expectancy ???

To: MikeM54321 who wrote (4847)	6/26/1998 7:38:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 9980

Mike see my post #4852 I think this is what was referenced on CNBC or it could have been this: cbs.marketwatch.com NAPM survey A slowdown in the U.S. economy will be evident in the NAPM index, the economists said. Levy said he's looking for a number close to 50, the magic line between expansion and contraction in the manufacturing sector. "NAPM will show manufacturing at a dead stop due to excess inventories, the GM strike, and Southeast Asia," Kellner said. Manufacturing is suffering from three traumas: The slowdown in Asia has diminished demand and increased price competition from imports; retailers and wholesalers have taken advantage of low prices to build their inventories, meaning they won't be ordering new goods until their stocks are worked down; and the strike against General Motors is shuttering not only GM factories but suppliers' as well.