Replies

snugs: THANK YOU for all of your hardwork!

THE PRESIDENT IN KANSAS
You will find a wonderful ‘local’ summary of the visit here:
http://www.kansas.com/

My favorite article from the summary:
‘FLIRTING’ WITH BUSH NETS A SURPRISE KISS
[snugs: Could you post the photo included with this article?!]
http://www.kansas.com/greensburg/story/394047.html
-

THE PRESIDENT AND LAURA WERE ON GMA THIS MORNING
You will find a video of the entire interview here:
[FYI: The President discusses his contribution to the wedding: a beautiful limestone cross and altar for the wedding ceremony!]
http://abcnews.go.com/GMA/7Wonders/story?id=4786291
-

BUSH AS ‘FORECASTER-IN-CHIEF’ CONTINUES
Larry Kudlow

Today’s ISM report for non-manufacturing (services) unexpectedly shot up to 52 from 49.6 in March, and a 47.8 percent first-quarter average. (Readings above 50 percent signify growth.) Recession bears are running for cover on this one. Coming off Friday’s jobs report, with 363,000 new household jobs, something is clearly going on here. That something could be a bottoming of the economy, sometime this past winter. We’re not totally out of the woods just yet. But the news is sure getting better. (Even the NYT’s Paul Krugman is backing off recession in his column today.)

Over in the Treasury market, the 10-year note is now trading up at 3.87 percent. During the recession winter, it was 3.3 percent. If the economy is coming out of the downturn, then the 10-year will make a move up to 4 percent or higher. The stock market is bogged down this morning, digesting the breakup of the Microsoft-Yahoo! deal. But stocks have enjoyed a great run since mid-March.

I still love U.S. News & World Report’s Jimmy Pethokoukis’s headline: “Economy Refuses to Tank, Bears Weep.” He’s right on the money. As for President Bush, his daughter Jenna is getting married this weekend down at the ranch in Crawford. Plus, he’s having a good forecasting week. Good for him.
05/05 12:23 PM
http://corner.nationalreview.com/post/?q=NjZiMDU0MzRlMjljNWMyN2M1MGJkN2Q3MDZkMGRhNzA=