ISM, Construction Spending, Pending Sales 10/02/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
August Pending Home Sales +4.3%, the increase is the last minute suckers or greater fools, -14.1% in the last year. Full Report
August Construction Spending +0.3%
Inside the number: private non residential at a record high +3.4%, 5th straight drop for private residential -1.5%, YOY -5.2%. The bubble is transferring to commercial real estate.
September ISM 52.9% vs prior 54.5%
Inside the number: employment 49.4% from 54.0%, inventories 46.4% from 50.2%, backlog 46.5% from 51.5%, prices 61% from 73%.
Slower growth with manufacturing losing momentum. Full Report.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
August Pending Home Sales +4.3%, the increase is the last minute suckers or greater fools, -14.1% in the last year. Full Report
August Construction Spending +0.3%
Inside the number: private non residential at a record high +3.4%, 5th straight drop for private residential -1.5%, YOY -5.2%. The bubble is transferring to commercial real estate.
September ISM 52.9% vs prior 54.5%
Inside the number: employment 49.4% from 54.0%, inventories 46.4% from 50.2%, backlog 46.5% from 51.5%, prices 61% from 73%.
Slower growth with manufacturing losing momentum. Full Report.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
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