Chicago Business Index "plummets" BEFORE "Katrina".... bush's new excuse [View All]

[cthrumatrix]

Chicago PMI shows contraction in August By Rachel Koning
CHICAGO (MarketWatch) -- A monthly measure of business activity in and around Chicago contracted in August. The Chicago PMI was reported at 49.2% The average of a survey of economists by MarketWatch looked for only modest moderation in the latest report, to 61.3% from July's 63.5%. Employment growth slowed to 51.7% after rebounding to 56.1 in July. Prices paid rose to 62.9% from 61.3%, while orders plunged to 46.5% from 69.6%. Readings above 50% indicate a majority of businesses reported steady or stronger conditions; readings below show more feel business had slowed. The Chicago index had topped this level for 27 straight months.

http://www.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B3D4A35E3%2D40B6%2D47A8%2DB1C0%2D8FE81CB09EF5%7D&siteid=mktw

When the US recession hits...all will be blamed on Katrina..which is BS.

The housing market was ready to POP like a damn balloon.

People are maxed to the hilt on credit.

Retail sales were down for the 4th straight month


Don't let them BS you... the economy was/is rolling over ALL on "commander bunnypants" watch.

(funny how bunnypants always has a catastrophe to blame things on)