Happy Times Are Here Again!
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 The Business Cycle has been revoked!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
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» Liscio Report on NFP from The Big Picture
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Tracked on Apr 7, 2007 9:04:50 AM
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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