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US May machine tool demand off 36.4 pct from yr ago
Reuters ^
| Sun July 13, 2003 05:58 PM ET
| Staff
Posted on 07/13/2003 6:25:32 PM PDT by arete
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"America's investment in modern manufacturing equipment is at one of its lowest points in history," AMT President Albert Moore said in a statement.I guess when you don't have any manufacturing, you don't need all those expensive machine tools.
Richard W.
1
posted on
07/13/2003 6:25:33 PM PDT
by
arete
To: bvw; Tauzero; Matchett-PI; Ken H; rohry; headsonpikes; RCW2001; blam; hannosh4LtGovernor; ...
FYI
Comments and opinions welcome.
Richard W.
2
posted on
07/13/2003 6:26:29 PM PDT
by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
To: All
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3
posted on
07/13/2003 6:26:54 PM PDT
by
Support Free Republic
(Your support keeps Free Republic going strong!)
To: arete
exactly right. Its going to zero, they should stop tracking it actually. Just float an article when it goes to zero and be done with it.
4
posted on
07/13/2003 6:27:25 PM PDT
by
oceanview
To: oceanview
It would be interseting to see China's corresponding report.
5
posted on
07/13/2003 6:28:29 PM PDT
by
L`enn
To: L`enn
Shh, someone might notice, and you will upset all those freeper free traders.
6
posted on
07/13/2003 6:29:27 PM PDT
by
oceanview
To: arete
The glorious second half recovery will make a mockery of such reports...
7
posted on
07/13/2003 6:35:58 PM PDT
by
AntiGuv
(™)
To: oceanview
Why stop there? Maybe if we start unplugging the stuff we have and shipping it overseas at fire sale prices, we can get credit for going negative ;).
To: ThePythonicCow
actually, that is already happening. i know of such practices in the semiconductor industry, they just take the US stuff and send it overseas for the new workers to use.
9
posted on
07/13/2003 6:40:17 PM PDT
by
oceanview
To: AntiGuv
The glorious second half recovery will make a mockery of such reports... /sarcasm.
That's better?
To: evaporation-plus
Anyone who fails to grasp the irony is undeserving of sarcasm tag benefits.. ;^)
11
posted on
07/13/2003 6:47:54 PM PDT
by
AntiGuv
(™)
To: oceanview
An elephant stampede is an elephant stanpede. No elephant wants to be left alone and miserable.
12
posted on
07/13/2003 6:52:16 PM PDT
by
bvw
To: oceanview
Not to worry. Our leaders are firmly in charge and are leading us down the road to prosperity within the framework of a service based economy. More professional girls beach volleyball teams, daytrip bus tours to Atlantic City, and serial refinancing of homes is the future economic engine to real wealth cration for all Americans.
Richard W.
13
posted on
07/13/2003 6:53:04 PM PDT
by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
To: AntiGuv; arete
In May I bought a new set of drill bits. First time in about 10yrs.
Guess that didn't help. Oh, wonder if they were made in China ?
14
posted on
07/13/2003 6:53:31 PM PDT
by
imawit
To: arete; harpseal; Cacique
Good thing we have NAFTA and GATT
To: arete
Hey, I thought when Alan Greenspan cut the interest rates he said it would increase capital expenditures. Am I to believe now that what he really said is that it will decrease capital expeditures? I sure hope he knows what he's doing.
To: AntiGuv
The glorious second half recovery will make a mockery of such reports... The economy is like a coiled string.
17
posted on
07/13/2003 7:06:13 PM PDT
by
Starwind
To: arete
Man, I'm getting a bad feeling!
To: henderson field
I sure hope he knows what he's doing.Humm -- let's see. 13 interest rate cuts each of which was dead bang guranteed to stimulate economic growth within 6 mths. You tell me if Greenspan and all the Wall Street lackeys and shills know what they are doing? We live in a dream world where extreme skateboarding is considered a wise career move. We've come a long way from those dirty old factory jobs. Now that's progress.
Richard W.
19
posted on
07/13/2003 7:13:05 PM PDT
by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
To: arete
In my college days, I bartended at a little pub that catered to these type guys. These guys made a decent living, worked long and hard hours and overall were decent good old boys. This is just really shitty.
20
posted on
07/13/2003 7:14:19 PM PDT
by
riri
(It's not really "jobs" we want, it's the stuff)
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