Philly Fed:Factories Slowed in November(not a harbinger of an slow economy

[papau]

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20041118/bs_nm/economy_philafed_dc

Philly Fed: Factories Slowed in November(not a harbinger of an slow economy


By Victoria Thieberger

NEW YORK (Reuters) - Factory activity in the U.S. Mid-Atlantic region slowed in November, but held in positive territory as the outlook for the future bounced back from depressed levels, a survey showed on Thursday.

The Philadelphia Federal Reserve (news - web sites) said its business activity index fell to 20.7 in November from 28.5 in October, below economists' forecasts for an easing to 23.5.

The Philadelphia Fed's index has shown expansion, or a reading above zero, for 18 months, but the pace of manufacturing growth had slowed recently as exports tapered off and consumer spending on long-lasting durable goods eased. <snip>

Economists said the softer growth in the report was not a harbinger of an economy-wide slowdown.

[Gloria]

1. I am trying to absorb this whole idea of slowing and bouncing back

at the same time.

[papau]

2. Recession ended 11/1 - if there was one - with great growth since - but

slow economy requires low interest rates - and lack of jobs is because of our great productivity - since that productivity increase engourages business to take jobs away from our very productive employees and to outsource those jobs overseas

Seems quite logical for a 1960's 3 AM conversation - but I am too old for this now!

:-)

[grease_monkey]

3. Those economists have always been right in the past

And the media has never acted as a cheerleader for business.