ISM GAUGE OF U.S. FACTORY ACTIVITY IS WEAKEST IN THREE YEARS

[swag]

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B98F7BC14%2D4A79%2D43BE%2DB89C%2D0DC827EDC3D0%7D&siteid=mktw&dist=bnb

Factory activity in the United States decelerated in October, the Institute for Supply Management reported Wednesday. The ISM index fell to 51.2% in October from 52.9% in September. This is the lowest level since June 2003. The decline was unexpected.

. . .

[Double T]

1. So much for the 'bush boom' and HIS great BS economy

[whistle]

2. Drop in war production, the war has been the one big factor in

...Bush's economic recovery along with security against terrorism. Bush and the republicans need another war to jump start the economy and inflate the U.S. into prosperity:wtf:

[liberal N proud]

3. Another nail in the Growing US Economy story

Meanwhile, did you hear that a Massachusetts Senator made some comment about the troops being stupid.

Look over there, quick before you see the facts.

[UpInArms]

4. US manufacturing sputters as housing slump spreads (Recession Coming)

http://today.reuters.com/misc/PrinterFriendlyPopup.aspx?type=bondsNews&storyID=2006-11-01T214402Z_01_N01353569_RTRIDST_0_ECONOMY-WRAPUP-2.XML

NEW YORK, Nov 1 (Reuters) - U.S. manufacturing growth edged closer to stagnation in October as a housing-led economic slowdown hurt demand across a wide variety of sectors, according to reports on Wednesday.

<snip>

Softer-than-expected car sales for October also indicated a recent pullback in consumption had yet to abate.

"The broader economy is now slowing, and slowing sharply," said Richard Iley, senior economist at BNP Paribas.

<snip>

The Institute for Supply Management's factory index slipped to 51.2 last month from 52.9 in September, below Wall Street forecasts and its lowest level since June 2003.

<snip>

Norbert Ore, the head of the ISM Business Survey Committee, said he would not be surprised to see the ISM figure dip into recessionary territory.

...more...

[angstlessk]

5. And when the Democrats win the house and senate? it will ALL be the

Democrats fault...trust me!

[onethatcares]

8. no shizit,

everything will be laid at the feet of the Democrats, and if they can't make it work in 6 months, then the gop spin machine will come out telling the morans how bad the Dems screwed up. It's gonna be a rocky road, pay off your loans, stock up on what you need and try to ride this one out. I work in construction/repair sales, people are taxed out, maxed out and wondering wtf their gonna do next year. Seriously, the pension isn't there, the medical expenses, the insurances, the home taxes, are killing everyone. Sorry to sound so pessimistic, but a hard wind is gonna blow and the homeless will be a greater part of our society than we ever thought.

[Ignacio Upton]

10. Well if Bush is still in charge for the next two years, he will get the blame

We controlled Congress during the recession of the early '90s, and you didn't see Bush Sr. surrogates blaming us for the recession. Tthen again, I'm too young to remember the 1992 election, but I've never heard of an example where they did this :)

[angstlessk]

14. bush* ...blame...in the same sentence...NEVER HEARD OF THAT IN MY

LIFE! Sorry, Ignacio, your premise here and down the line is an excuse for ROBBING THE MIDDLE CLASS!...POOR HOOVER, JUST MISUNDERSTOOD...YEACHT REIGHT!

[Ignacio Upton]

15. Not defending his policies

Just saying that he was the wrong President at the wrong time because his economic policies were not enough to help America during the Depression. But he wasn't completely an economic right-winger. He did support something along the lines of an FDIC and he did not get along well with Andrew Mellon, who was the darling of Harding and Coolidge. In other words, he was the "best" of the three crappy Republican Presidents during that decade.

[UpInArms]

19. just got a book about"Homes of the Hoovers" (really weird)

but hey - http://www.amazon.com/exec/obidos/tg/detail/-/B0006ELGAI?v=glance - these people had lots and lots and lots of money - homes around the freakin' globe - owned mines and lots of other shit.

Freakin' thieves.

:grr:

[fidgeting wildly]

6. ...which the R's will blame on the Dems after we win a majority in the House.

Nevermind that this comes after a decade of Republican "policy."

:puke:

[lovuian]

7. tis isn't going to be a itty bitty recession this is a Coolidge

Hoover recession
The Greedy got so greedy they took capitalism down
They are the Robber barons

[razors edge]

9. Yep, this one will make the depression look

like a bounced check. Many asian nations are looking for ways to divest from the dollar and china is signaling they may have enough bonds for the time being.

[Ignacio Upton]

12. More like the 1970's

The rise of West Germany & Japan, combinbed with stagflation from the Johnson and Nixon era's over Vietnam spending, and the oil crisis (both the 1973 OPEC boycott and peak oil happening in the lower 48.)

[razors edge]

16. But also in 73

Nixon stopped honoring gold @35$/oz and placed the US on the oil standard.

The French had cashed in large and left us with a little over 2mil oz left, we agreed to prop up the Saudis and other OPEC members with protection from internal and external threats.

Carter got stuck with 22% interest to dig us out and hold on with until the new petro dollar took hold. That grip is now loosening on the world, and a removal of a significant portion of the world's oil supplies from the market that will accompany any attack on Iran, will not just drive our economy under but the whole world will pay more for oil as well.

Chavez will close the valves, and Iran will attack oil production in neighboring countries as well. China will not be happy and Russia still hasn't been paid in full for the reactors, not to mention their techs in Iran who will perish.

Our manufacturing base that hasn't left is packed at the UAE owned docks, and ready to sail.

I can't swear that bush will go into Iran, but I would not doubt it very much at this point.

[Skink]

20. You're an Optimist.

[razors edge]

23. Some days yes

some days no.

[Ignacio Upton]

11. In fairness to Hoover, he wasn't a greedy douchebag

Just someone who mistakenly bought into the Horatio Alger myths of American society. Harding and Coolidge fit that greedy POS profile better than Hoover does (Hoover, btw, was not a fan of Andrew Mellon.) Regardless, his policies didn't deviate far enough from his predecessors.

[partylessinOhio]

13. Depression COMING-

and if you are disabled or poor you're already in it.

[Megahurtz]

24. Amen Sistah! n/t

[CrispyQ]

17. Who are the corporations going to sell their goods to

when they've cannibalized the middle class? The 1-2% of the population who still does have money? The low wage workers in China? Who?

[KayLaw]

18. Maybe

I think if a company can keep production prices low enough, they make plenty of money selling fewer widgets.

[razors edge]

21. Countries with natural resources, other than just

aircraft carriers and cannon fodder. African diamonds, OPEC traders, anything to base a stable paper currency and then undermine it as they rape the labor. Same shit different country.

[54anickel]

22. There is no recession coming so stop saying that!!!! The economy is

strong and vibrant! This is nuttin' more than a little soft patch, thangs are already lookin' up for the 4th quarter.

Oh yeah, and the we're not going to loose the House or Senate either. I'm sure of it.

Kisses,
Dubya

[razors edge]

25. We feel better already

Thanks,


The Carlyle Group.

[54anickel]

26. Bwahahaha!!! So, just where are all you Carlyle folks headin' for these

days anyway? Me, Dad and the good Rev Moon are leaning toward Parguay. Lots of good natural resources there (not to mention the water). No extradition worries there either (ya know what I mean). The US is sooo yesterday, filled with overpaid exec types that don't know sh*t, bunch of unemployed has beens. They're such damned whiners, wanting fair wages, health care, retirement. Most ain't willin' to pull themselves up by the bootstraps like the wonderful lady workin' 3 jobs - how wonderful, only in America! Anyway, me and my ilk have pretty much dried up all the "Fodder Units" here. Time to move on to greener pastures.

So, how's Louie working out for you guys anyway?

Hope to see you all in Paraguay,
Dubya

[razors edge]

27. We'll be about,

Cruising the high seas in our newly remodeled Exxon Valdez. (Condi will have to follow behind in her own tanker, for reasons other than just Laura.)