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B4 The Bell Frieday October 1


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The economy still being held up by the micro-refinancing boom, which I expect will come to an end soon with higher long term rates and higher spreads for FNM:

 

10:42am 10/01/04 

U.S. ECRI weekly index falls 0.2% By Rex Nutting

WASHINGTON (CBS.MW)-- A forward-looking gauge of U.S. economic activity failed to grow for the eight straight week last week. The Economic Cycle Research Institute said Friday its weekly leading index fell 0.2 percent after dropping 0.3 percent the previous two weeks. At these levels, the index is signaling a slowdown to a slower pace of growth, but there is no hint of a recession.

 

http://cbs.marketwatch.com/news/newsfinder...&property=word&

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lineup: ALthough I will concede that is what the herd is thinking and acting on presently. Cleary the popular conventional wisdom.

lets suppose they made a deal with the holders of dollars (oil cartel) to rasie the price of oil when it was back in the 30's or 40's LOL- in exchange for a lower dollar they get higher oil prices-blame on inventory etc, then lower the dollar slowly along with better inventory keeps the oil price around the new peg price.

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Not to use a cliche' as excuse.........but........Wall Street going to pull

all stops in October.......to get the little prick elected.

 

Greenspan adding big 2 days in row................................

 

A second term means he railroads "social security" reform to

privatize...........and get that gravy into Street flowing.

 

It's the PIG ANNUITY ACT.

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