US exports explode to record high
"Clearly the deficit is way out of control, but at least it is a small decline instead of an increase".
An election year will produce spikes designed that don't compute with reality.
Treasury yield higher - rates on the way up!
10-year Treasury note has jumped more than half a percentage point. Bond experts concede
that the long-awaited transition to higher interest rates might finally be underway.
Gasoline Surge to Record High
"If these higher gas prices were going to discourage demand, we would have already seen signs, overall
the markets have probably got room to go even higher" - Alaron Trading Corp
Bush Avows Free Trade
Don Evans, has gone even further, saying opponents of open trade are "waving a surrender flag rather
than the American flag". No wonder the Republicans have a death wish!
U.S. Jobless Claims Tumble to 328,000
Lowest level in more than three years, just means it wasn't important during that time
frame. Now with the election, the numbers need to drop.
British interest rate hike soon
Bank of England policymakers ready to raise rates. The new cycle is under way. Its approach
contrasts with that of the US and eurozone central banks.
L.A. Suburb to Vote on Wal-Mart Building
"You don't get to bypass the city and their building and safety and their planning departments".
No Democray when it conflicts with the bureaucracy and politicians.
Officials warns of more blackouts
"First and foremost, compliance with reliability rules must be made mandatory with substantial penalties
for noncompliance" - Energy Secretary Spencer Abraham
Employment and unemployment both up
308,000 new jobs, hiring at the fastest pace in four years; while civilian unemployment rate
bumped up to 5.7 percent - election year cooking of the books!
Dow Industrials no longer industrial
Ousting AT&T Corp., International Paper Co. and Eastman Kodak Co. in favor of American
International Group, Verizon and Pfizer, illustrates that manufacturing has gone offshore, its a new economy.
