Happy Times Are Here Again!

Friday, April 06, 2007 | 12:18 PM

I guess I am wrong about the economy, employment and the gradual slow down in durable goods, capex and GDP.*

My bad!

Its safe to say that with construction employment is on the upswing, the bottom in real estate must be here! And I guess with all this hiring, we best brace ourselves for the following:

-Big upswing in consumer spending
-Large decrease in Foreclosures
-Upswing in US Auto Sales
-Deceleration in personal bankruptcy filings
-Large increase in New Home Sales, Permits and Starts
-Significant gains in Existing  Home Sales and Prices
-Reversal of the Deceleration of Corporate Profits
-Improvement in Manufacturing Data and ISM
-Surge in Corporate Capital Expenditures

Yeah! Its a soft landing! The Business Cycle has been revoked! The worst is behind us! It turns out that Greenspan is a financial genius after all.

How could I have ever doubted any part of the economic system, from BLS to the White House to Wall Street!?!

~~~

Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!  . . .  Turn those machines back on !

~~~

UPDATE:  April 6, 2007 4:45pm

*  See this for more details



Friday, April 06, 2007 | 12:18 PM | Permalink | Comments (43) | TrackBack (1)
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» Liscio Report on NFP from The Big Picture
I mocked yesterday's NFP report, and a sizably stunning percentage of readers didn't get the humor (and on a day off, too). My assumption is that these are people who are unfamiliar with my slightly skewed sense of humor. To contextualize that, a few m... [Read More]

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Comments

Wow!! You run off to Lowes with your wife and four hours later you return as a changed man. Is Lowes that good? Is your wife that good? Did you and your wife do the wild thing in a secluded corner display at Lowes?

Posted by: Peter Pan | Apr 6, 2007 12:35:10 PM

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