http://www.dailypfennig.com/currentIssue.aspx
Snippet:
U.S. Leading Indicators, (which is exactly what they are!), fell .7% in July (consensus was for a fall of .1%), with 5 of the 10 indicators falling... The Conference Board that measures this data said that this data pointed to; "slow growth the rest of the year, and possibly an economy grinding to a halt." Of course Pfennig Readers already knew this was the case, but it's nice to see the rest of the crowd coming to the same realization... I'm not crowing here because I was right... I live here, work here, etc. I don't want to see us in a long protracted recession, but as long as it's there, I want everyone, including the un-dynamic duo of Bernanke and Paulson to admit it! Along with the markets of course!
"If there's a second-half recovery, it'll be the second half of 2009," said Ken Goldstein, labor economist at the private research organization. "The recent decline in gas prices isn't enough to overcome all the negative momentum that's been building up."
Snippet:
U.S. Leading Indicators, (which is exactly what they are!), fell .7% in July (consensus was for a fall of .1%), with 5 of the 10 indicators falling... The Conference Board that measures this data said that this data pointed to; "slow growth the rest of the year, and possibly an economy grinding to a halt." Of course Pfennig Readers already knew this was the case, but it's nice to see the rest of the crowd coming to the same realization... I'm not crowing here because I was right... I live here, work here, etc. I don't want to see us in a long protracted recession, but as long as it's there, I want everyone, including the un-dynamic duo of Bernanke and Paulson to admit it! Along with the markets of course!
"If there's a second-half recovery, it'll be the second half of 2009," said Ken Goldstein, labor economist at the private research organization. "The recent decline in gas prices isn't enough to overcome all the negative momentum that's been building up."
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