Wednesday, May 25, 2011

THAR SHE BLOWS

Yes……THINK OF HOW MUCH HAS BEEN destroyed….HOUSING FAR OUTREACHES MOST OTHER ASSETS THEY MANAGED TO RE-INFLATE….LIKE THE Hindenburg IT COULD BLOW
http://www.zerohedge.com/print/392046 Albert Edwards see SPX 400 and Deflation

ANYOE WHO READS ME KNOWS WHAT I have been saying, this is a mirage.....at some point.....yes we can build from the ashes....but for now..a stock market that has gone up MAINLY from QE liquidity flow and other gaming, a weak $ international flow......more debt piled up on the stuff hidden under the rug......a COMPLETE reckoning must precede a sustainable recovery....this oen is leaving out about 90% of those affected....even with a Dem at the helm,it really doesn't matter WHO

from Richmond Fed

"Current Activity In May, the seasonally adjusted composite index of manufacturing activity—our broadest measure of manufacturing—fell sixteen points to -6 from April’s reading of 10. Among the index’s components, shipments decreased nineteen points to -13, new orders dropped twenty-five points to finish at -15, while the jobs index held steady at 14. Other indicators were mostly weak. The index for capacity utilization moved down fourteen points to -12, and the backlog of orders index lost eighteen points to -19. The delivery times index declined thirteen points to end at 5, while our gauges for inventories were mixed in May. The finished goods inventory index edged up two points in May to end at 12, while the raw materials inventories index eased two points to 16"

Duratek


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