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Durable Good highest in 6 years Dow sets new record yesterday NASDAQ at 6 year high yesterday Consumer Confidence UP

But CNN says its the weakest economy in three years

1 posted on 10/27/2006 12:06:08 PM PDT by Mikey_1962
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To: Mikey_1962
Odd. In the past few days, I've seen quite a few news stories about how moribund the US economy is right now. Yet, when I look at all the numbers, it sure looks like we're doing very, very well.

How extremely odd for this sort of story to be in news right now.

2 posted on 10/27/2006 12:08:27 PM PDT by ClearCase_guy (The broken wall, the burning roof and tower. And Agamemnon dead.)
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To: Mikey_1962

To Hell with CNN. We know what side they're on.


3 posted on 10/27/2006 12:09:06 PM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: Mikey_1962

Well, it beats their lying that it's the worst economy since Herbert Hoover. Apparently forgetting the Carter years with double digit unemployment, gas lines, and 21% interest rates.


4 posted on 10/27/2006 12:09:40 PM PDT by Peach (The Clintons pardoned more terrorists than they captured or killed.)
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To: Mikey_1962

CNN's irrational apathy is most unprofessional. I cannot believe they included that partisan quote a "news" story about the economy -- as if that has anything whatsoever to do with GDP.


5 posted on 10/27/2006 12:09:44 PM PDT by the invisib1e hand (* nuke * the * jihad *)
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To: Mikey_1962

I think 13 of the last 17 sessions have been record highs for the DOW. Is this 70+ drop in the DOW today the soft landing? If so, I'll take it .


6 posted on 10/27/2006 12:11:12 PM PDT by frogjerk (REUTERS: We give smoke and mirrors a bad name)
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To: Mikey_1962

With a Republican in office, when the GDP numbers are rosy, the GDP "is a bad barometer of the health of the economy."

The the GDP aren't so rosy, "the economy is weak."


7 posted on 10/27/2006 12:12:18 PM PDT by hoyaloya
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To: Mikey_1962

With a Republican in office, when the GDP numbers are rosy, the GDP "is a bad barometer of the health of the economy."

The the GDP aren't so rosy, "the economy is weak."


8 posted on 10/27/2006 12:12:24 PM PDT by hoyaloya
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To: Mikey_1962

"Hey Vin, ya see dat?...I guess the creditability thing will come when the coyotes are chewing on their bones"

Doogle

9 posted on 10/27/2006 12:13:36 PM PDT by Doogle (USAF 69-73...."never store a threat you should have eliminated")
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To: Mikey_1962

When is the US military going to realize that they should be aiming missles at CNN's headquarters in Atlanta?


10 posted on 10/27/2006 12:14:31 PM PDT by D-Chivas
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To: Mikey_1962
Someone tell CNN that we refuse to participate in their (MSM's) manufctured recession


12 posted on 10/27/2006 12:19:19 PM PDT by darkwing104 (Let's get dangerous)
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To: Mikey_1962
That must be in anticipation of the wonderful Democrat plan to raise taxes after Nov. 7?

If this economy is going to stall, (according to CNN/DNC talking points), then, if Democrats win, it will be shifted into reverse....

13 posted on 10/27/2006 12:19:21 PM PDT by traditional1
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To: Mikey_1962

Ah yes, another example of what passes for financial and economic reporting from the Democrat Media (CNN, et al.); one or two short paragraphs of numbers with little explanation followed by several paragraphs of talking points straight from DNC press releases. I would have been a pauper if I heeded the policies and predictions of the Democrat Media. Ignore the Democrat Media and prosper.


16 posted on 10/27/2006 12:33:09 PM PDT by Unmarked Package
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To: Mikey_1962

It's mostly the slowing of the housing market and construction growth. If the economy actually stopped growing it would die.


18 posted on 10/27/2006 12:40:25 PM PDT by RightWhale (Repeal the law of the excluded middle)
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To: Mikey_1962

It will be revised upward weeks after the election.


19 posted on 10/27/2006 12:56:06 PM PDT by Perdogg (Democratic Party - The political wing of Al Qaida)
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To: Mikey_1962
I just read on Marketwatch that today stocks were "Stung by GDP Report"!

I guess there's no such thing as profit taking anymore, especially when the markets have been running almost straight uphill for the last few months!

I'm not even a financial analyst, but smart enough not to write STUPID stuff like that!

21 posted on 10/27/2006 1:31:04 PM PDT by RogerWilko
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