B4 The Belll Frieday October 29

[Guest]

8:30am 10/29/04  U.S. Q3 GDP increases 3.7% vs. 4.3% expected By Rex Nutting

WASHINGTON (CBS.MW) ? The U.S. economy grew at a less-than-expected 3.7 percent annual rate in the third quarter after growing 3.3 percent in the second quarter, the Commerce Department estimated Friday. Economists were expecting gross domestic product to grow 4.3 percent. Consumer spending increased at a 4.6 percent rate while business investment grew at a 11.7 percent rate. The core inflation rate increased 0.7 percent annualized, the lowest in 42 years. Real disposable personal incomes increased 1.4 percent, and the personal savings rate fell to 0.4 percent, its lowest level since the Depression.

 

Consumer spending was fairly strong, but at a price of draining savings. The net savings amount includes capital gains, which are distributed unevenly. Most likely for most consumers net savings were negative, which is part of the reason why the MZM money supply chart hasn't gone any where for months.

 

How long can consumers keep spending more than they make, especially when energy prices bite harder?

I'm confident that the oil companies conspired to keep the cost of Unleaded gasoline artificially low in order to reinstall their man in the White House, and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

[orvack]

What's with this ?

 

Dec.'04 COPPER, COMEX

130.70

+5.35

[Guest]

This Bear is gonna maul us all.... I'm getting tired.

[tradermark]

Futures now unchanged after that disappointing GDP#!! UnFrigging believable.

[Guest]

The wildest whipsaws you have ever seen are on tap for today. Price is pushed around at will and every move is designed to set up a counter move. All of this is to fleece the speculators and transfer their money to the pension funds and the friends of the FED and those who play along with Al.

[machinehead]

I'm confident that the oil companies conspired to keep the cost of Unleaded gasoline artificially low in order to reinstall their man in the White House, and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

Many of us suspect this, Plunge.

 

One way to accomplish it would be have been to 'lean' on refineries to keep emphasizing mogas production deep into the autumn, instead of switching over to distallates as they usually do -- thus, the high heating earl and low sulfur diesel prices.

 

I will be shocked if unleaded prices don't pop at least 30 cents a gallon next week.

 

You vote; we decide.

[Hiding Bear]

8:30am 10/29/04?  U.S. Q3 GDP increases 3.7% vs. 4.3% expected By Rex Nutting

WASHINGTON (CBS.MW) ? The U.S. economy grew at a less-than-expected 3.7 percent annual rate in the third quarter after growing 3.3 percent in the second quarter, the Commerce Department estimated Friday. Economists were expecting gross domestic product to grow 4.3 percent. Consumer spending increased at a 4.6 percent rate while business investment grew at a 11.7 percent rate. The core inflation rate increased 0.7 percent annualized, the lowest in 42 years. Real disposable personal incomes increased 1.4 percent, and the personal savings rate fell to 0.4 percent, its lowest level since the Depression.

 

Consumer spending was fairly strong, but at a price of draining savings. The net savings amount includes capital gains, which are distributed unevenly. Most likely for most consumers net savings were negative, which is part of the reason why the MZM money supply chart hasn't gone any where for months.

 

How long can consumers keep spending more than they make, especially when energy prices bite harder?

I'm confident that the oil companies conspired to keep the cost of Unleaded gasoline artificially low in order to reinstall their man in the White House, and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

Your pimp increased his price?

 

The government numbers eventually catch up to reality, maybe months or even years later after revisions. While the CPI does not reflect real price increases, it is consistent within its own alternative universe.

 

In other words, I don't think that the figures are really manipulated in the long run, but in the short run some opinions of Departmental heads may influence month to month figures.

[wndysrf]

I still say we could stay in a 200 point trading range forever.

 

Until a large number of the 9000 HedgeFunds quit, unable to make any money by using the Waxie Trend Trading Model.

 

Then, when money finally leaves the market, we can go down.

 

Of course any huge Repo Blast or re-ignition of the Bernanke Electronic Airlift Operation from Japan could induce a full fledged Meltup................

[wndysrf]

What's with this ?

 

Dec.'04 COPPER, COMEX

130.70

+5.35

Its called a Tidal Wave of Fiat Dollars chasing a scarce commodity available in limited quantities.................

[Guest yobob1]

and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

What, no more $50 ho?

[machinehead]

and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

What, no more $50 ho?

Our local Chinese restaurant offers:

 

House Special Ho Fun ... $7.25

 

At that price, ya can't go wrong.

[flockofsheeples]

10 yr. wedgie-ing up. gettin ready to bust a move.

[Guest]

and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

What, no more $50 ho?

Yobob is BACK!!!

 

Stick around...will ya?

[Guest]

and that the price increases at the pimp following the elections will astound the sheeple - resulting in a serious drag on consumer confidence/spending...though the Government's numbers won't admit it.

What, no more $50 ho?

Our local Chinese restaurant offers:

 

House Special Ho Fun ... $7.25

 

At that price, ya can't go wrong.

Is the "Happy Finish" included in that price?

[Guest]

MTG:

 

Filled the gap and ready to rumble on the TEN YEAR reversal.

 

http://139.142.147.221/StockChart_ImageOnl...NX&ref_rate=180

 

Watch for a monster squeeze on CFC