XJO 0.68% 8,356.9 s&p/asx 200

re: please consider farsight Quote"The selling this week was...

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    re: please consider farsight Quote

    "The selling this week was exaggerated by the September futures expiry and
    last night's U.S. Philadelphia Fed index was not as bearish as people think,"
    said Caldis. "Manufacturing isn't so important for the U.S. economy now and
    interest rates are on hold. The U.S. isn't headed for a recession and the
    global story is intact."

    Is this guy for real. Housing is a basket case, manufacturing is on the floor for the count ... what else is there .... retail I suppose .... he needs to do some real research. And I like the following "the global story is intact" .... is he kidding ... US regional banks in big trouble and they will be the first to go under ... the mid west US will impact on Liverpool in Sydney.
 
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