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DrStool

B4 The Bell Fryday 10/15/04

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Hiding Bear is away today.

 

Doc talks about GE in Stool Samples.

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Dec. Sil BAH is up about 8 cents in pre-open trading, to $7.13.

 

Last week it set an intraday high of $7.34 before falling back.

 

I wouldn't be surprised if it blows through that high next week.

 

The dollar is doomed, you know ... :mellow:

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Don't forget to keep us updated on the real estate bubble at http://www.realestatebubblewatch.com

 

Permanent link above this forum block in the menu area.

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Economists would scale back growth forecasts if crude-oil prices remain above $50 a barrel, a WSJ.com survey found. Still, their estimates of third-quarter GDP were nudged higher.

 

 

 

Now that makes total sense, doesn't it?

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Energy price drop - we all knew that, right?

 

Reuters

Producer Prices Up 0.1 Pct, Energy Drops

Friday October 15, 8:31 am ET

 

WASHINGTON (Reuters) - U.S. producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.

 

Prices for finished energy goods tumbled 0.9 percent last month, the Labor Department said, while food costs inched ahead just 0.1 percent.

 

But the department's producer price index, a gauge of prices received by farms, factories and refineries, showed that the cost of goods excluding food and energy rose 0.3 percent.

 

Economists on Wall Street had been expecting both the overall and so-called core readings on producer prices to gain just 0.1 percent.

 

Reuters

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Retail Sales....I blame the weather....LOL...

 

It occured in a period where sales are very low and may not be a good indicator of future sales the rest of the year. But then again, it is what it is.... :shocked

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Energy price drop - we all knew that, right?

 

Reuters

Producer Prices Up 0.1 Pct, Energy Drops

Friday October 15, 8:31 am ET

 

WASHINGTON (Reuters) - U.S. producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.

 

Prices for finished energy goods tumbled 0.9 percent last month, the Labor Department said, while food costs inched ahead just 0.1 percent.

 

But the department's producer price index, a gauge of prices received by farms, factories and refineries, showed that the cost of goods excluding food and energy rose 0.3 percent.

 

Economists on Wall Street had been expecting both the overall and so-called core readings on producer prices to gain just 0.1 percent.

 

Reuters

Yup...it's a good thing the price of energy has dropped so much, otherwise these numbers would appear to be TOTALLY MADE UP!!!

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Retail Sales come in surprisingly high.

 

Surprised?

Too much damage for another government claim to repair

Ten year going ballistic

Again moves becoming more and more violent

PPI tame on decline in cost of energy from Crapvision...

Was I hearing things?

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Polls Show Worsening of U.S. Reputation

 

LONDON (AP) -- America's reputation around the world is hurting, according to a series of coordinated polls published Friday from 10 countries, including many of the United States' closest allies.

 

In eight of the countries where the surveys commissioned by major newspapers were conducted, more people said their view of America had worsened in the past two to three years than improved. That question was asked in nine countries.

 

By big margins, those questioned said the war in Iraq did not aid the global fight against terrorism.

 

And in eight out of 10 nations, those polled said _ often in landslide proportions _ that they hoped to see Democrat John Kerry beat President Bush in next month's election. Bush won backing from a majority of respondents only in Russia and Israel.

 

http://finance.lycos.com/qc/news/story.asp...51237_APO_V4362

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An ugly development under the new US-UK extradition treaty, which extends the long arm of U.S. law into the U.K.:

 

Three [british] former NatWest bankers should be extradited to the US to face trial over Enron-related fraud charges, a judge ruled today.

 

The three - Gary Mulgrew, Giles Darby and David Bermingham - have each been accused of seven counts of "wire fraud" by US authorities.

 

Uh huh - 'wire fraud' is one of those 'kitchen sink' derivative charges used when prosecutors don't have anything specific.

 

The Britons pointed out that the UK had shown no interest in prosecuting them.

 

A U.S. attorney representing the bankers spelled out the harsh reality to the British court:

 

He described the US federal justice system as "incredibly unfair", pointing out that 97% of people pleaded guilty to federal offences, arguing: "In most cases they would be mad not to after looking at the sentencing guidelines."

 

One might wonder why the UK signed an extradition treaty with a country whose 'justice' system is 'incredibly unfair.'

 

In its human rights reports, the U.S. used to blast China for its 99% criminal conviction rate, regarded as prima facie evidence of no fair trial or due process.

 

No more ... only a 2% gap to 'catch up' with China's 99% conviction rate. Draw your own conclusions ... you don't need to be a rocket scientist.

 

Workin' on the railroad

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