Posted on 08/03/2004 7:59:25 AM PDT by KMC1
NEW YORK - The economy has set yet another benchmark in the recovery under the present administration. U. S. manufacturing has expanded for a record 14th straight month and a new report says hiring in the factory sector is still on the increase.
The Institute for Supply Management said its index of national factory activity rose from 61.1 the month previous to 62.0 in July. (Any number above 50 demonstrates growth.)
The index has stayed above 60 for another record - nine months.
The employment sector of the index showed growth as well as the rating came in at 57.3 down from 59.7 in June. (Again anything above 50 demonstrates expansion.)
Many analysts were fearing a larger drop in the jobs index - but those fears did not materialize.
New orders for factories rose from 60.0 in June to 64.7 in July. Inventories fell to 49.9 from 51.1.
(Excerpt) Read more at kmclive.com ...
That's the last thing anyone would ever say. You're right, of course, these numbers are catastrophic - I blame Bush...
A debt-inflated expansion of warehousing and distribution coinciding with expanding trade deficits.
Yep, it's only a matter of time till the bubble bursts.
One of the fundamentals of Marxism is an economy based on manual labor and tangible goods, while counting the service sector as a cost.
Shalom.
False.
Marxist communism is not a market economy at all and bears no resemblence to one.
It is strictly a "command economy", and all cost factors are ignored. Quotas for goods and services are established, and the labor force is directed to perform to those goals despite any economic influences.
The Soviet Union published GDP numbers. Services were not included. Go find a copy of Das Kapital (the commies have it all over the internet). Marx's obsession for manual labor and tangible goods is obvious. BTW, I never said that communism was a market economy. I have no idea where you got that.
Can't argue with you - after all, you've predicted 43 of the last 4 recessions...
damn that GWB, he's ruining everything
So you dodge the serious issue with a snippy comeback.
(((yawn))) That line is pretty stale.
Numbers that are meaningless when all prices are rigidly fixed and predetermined by central politburo edict.
Heck, in a command economy, central planners can make GDP come out to whatever they want. So what? It's all bogus and doesn't mean diddly-squat.
Baloney. Older supply chain managers aren't finding new jobs
The real issue is that the economy is expanding despite your Chicken Little cries of impending doom.
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