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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17187)	12/2/1998 1:06:00 AM
From: Ahda	Read Replies (1) \| Respond to of 18056

Zeev service and production both down in Uk concern too of consumer slow down. US Brief if debt is good we are in great shape Want to be optimistic don't like Boeing layoffs Something is not fitting right. · The group's closely watched index of manufacturing fell to 46.8 in November from 48.3 in October. · A reading below 50 points to contraction in manufacturing, while a number above that suggests · growth. November was the sixth straight month the index has shown a shrinking factory sector. · · Economists have observed that Americans are spending money as if they have no economic worries. · In fact, the October savings rate of minus-0.2 percent was the lowest since the Great Depression. · · Buoyed by strong confidence, spending has been growing at an annualized pace of about 6.0 · percent in 1998. U.S. consumers will spend an average of $814 this holiday season on gifts, with 78 · percent saying they will spend the same or more than