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#1
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Dollar bullish news does little for the US dollar. To our surprise, the
market completely ignored Canada's admission to underreporting US imports in the month of November. If you recall, the US trade deficit widened to a new record in November. Such an error by Canada would mean that deficit was much narrower than expected. In fact the US Commerce Department said that the Canadian error could add as much as 0.5% to US Q4 GDP, which could boost Friday's release to 3.6%. Taking this and the sharp rise in foreign inflow as reported by the TIC data during the month of November in account, we are left with a potentially very positive dollar development. Meanwhile, the other economic data released today was equally positive. Personal income climbed a whopping 3.7% in the month of December, which was the fastest pace of growth on record; the government began keeping records in 1959. A one-time $32.6 billion dividend payment by Microsoft accounted for most of the increase, as income growth net of the dividend is only 0.6%. Generally it is rare for one company's dividend to have such a significant impact on personal incomes, but Microsoft is one of the most widely held stocks in the US and in fact, the payout was more than the federal income tax rebates forked out by Uncle Sam in the summer of 2001. Chicago PMI jumped to 62.4 from an upwardly revised 61.9 in January. The market had actually expected the index to dip, but a rise in new orders, production, employment and a dip in prices paid helped to boost the index. This suggests that tomorrow's ISM survey could also surprise on the upside. --------------------------------------------------------------------------------------------------- If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. |
#2
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NOYB wrote:
If you guys keep screwing with US economic data, the next ti=ADme there's another errant friendly-fire incident, it might happen just =ADNorth of our border...instead of in Afghanistan. ************************************************** *** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? |
#3
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![]() wrote in message ups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************** *** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. |
#4
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![]() NOYB wrote: wrote in message ups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************** *** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Nice squirming. You've learned well from your right wing propaganda pushers. |
#5
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![]() "basskisser" wrote in message oups.com... NOYB wrote: wrote in message ups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************** *** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Nice squirming. You've learned well from your right wing propaganda pushers. Frankly, I expected better from Chuck. But you, basskisser, continue to perform right at my expectations. |
#6
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![]() NOYB wrote: "basskisser" wrote in message oups.com... NOYB wrote: wrote in message ups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************** *** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Nice squirming. You've learned well from your right wing propaganda pushers. Frankly, I expected better from Chuck. But you, basskisser, continue to perform right at my expectations. Thank you! I AM quite good at catching that right wing spinning. Actually, it's quite easy to spot. Just watch someone like you, who's learned from Rush and Hannity, and also from BushCo, and you'll see that every time you're called to the mat on something that is either not true or way out of proportion, the spinning starts. |
#7
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On Tue, 01 Feb 2005 12:39:39 GMT, "NOYB" wrote:
wrote in message oups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************* **** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Maybe, just maybe, Chuck's comment to your tongue-in-cheek was a tongue-in-cheek reply? That *could* be, couldn't it? Only The Shadow knows for sure. John H On the 'PocoLoco' out of Deale, MD, on the beautiful Chesapeake Bay! "Divide each difficulty into as many parts as is feasible and necessary to resolve it." Rene Descartes |
#8
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![]() "JohnH" wrote in message ... On Tue, 01 Feb 2005 12:39:39 GMT, "NOYB" wrote: wrote in message roups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. ************************************************ ***** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Maybe, just maybe, Chuck's comment to your tongue-in-cheek was a tongue-in-cheek reply? That *could* be, couldn't it? Hmmmm. Interesting concept...but not likely. Chuck always puts ;-) after his statements that are meant to be tongue-in-cheek. I purposely almost never use them. |
#9
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On Tue, 01 Feb 2005 13:27:43 GMT, "NOYB" wrote:
"JohnH" wrote in message .. . On Tue, 01 Feb 2005 12:39:39 GMT, "NOYB" wrote: wrote in message groups.com... NOYB wrote: If you guys keep screwing with US economic data, the next time there's another errant friendly-fire incident, it might happen just North of our border...instead of in Afghanistan. *********************************************** ****** Now that makes sense. Go kill some Canadians because you believe they "screwed with our economic data" to make Bush look even worse than usual. They let you practice medicine? ----------------------------------------------------------------------------- They let you converse with real adults? One day you'll recognize the difference between when I'm serious and when I'm talking tongue-in-cheek. Maybe, just maybe, Chuck's comment to your tongue-in-cheek was a tongue-in-cheek reply? That *could* be, couldn't it? Hmmmm. Interesting concept...but not likely. Chuck always puts ;-) after his statements that are meant to be tongue-in-cheek. I purposely almost never use them. Oh well. Just trying to do my bit to maintain 'group harmony'. John H On the 'PocoLoco' out of Deale, MD, on the beautiful Chesapeake Bay! "Divide each difficulty into as many parts as is feasible and necessary to resolve it." Rene Descartes |
#10
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One day you'll recognize the difference between when I'm ser=ADious and
when I'm talking tongue-in-cheek. *************** Nobody who has recommended nuking most of the Muslim world as a "final solution" (and gone on to insist that he is not joking) has a license to post anything tongue in cheek. A statement that Canadians deserve to die for "screwing with a US economic statistic" is completely consistent wit nuking 25% of the planet. You say it's "tongue in cheek". I say it's the first and most natural sounding conclusion your subconscious suggested for your sentence and you didn't have the sense to edit yourself. Even now you think it was "cute". |