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Markets

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Shoving On a String

Dec 12, 2001 at 00:00

The obvious big news for the week is the 25 basis point cut. Will the eleventh consecutive cut for a total of 4.75%, influence companies to increase capital expenditures or…

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NAPM's blip

Dec 05, 2001 at 00:00

Today, Wall Street's fears were eased by the Non-Manufacturing NAPM survey came in higher than economists expectations and actually signaled some expansion. I would be cautious extrapolating this single data…

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NBER plays Grinch

Nov 28, 2001 at 00:00

Retailers must really hate the timing of the NBER declaring a recession. Just in time to kick off the holiday shopping season. Coupled with lower than expected consumer confidence, the…

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McTeer is Heard

Nov 14, 2001 at 00:00

I'm not sure how much hand holding there was, but it sure looks like everyone went out and bought a SUV. (Earlier this year Dallas Fed President, Robert McTeer, said…

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Nine, Ten, Big Fat Hen

Nov 07, 2001 at 00:00

Will the tenth interest rate cut by the Federal Reserve work better than the previous nine? In order to answer that central question, one needs to believe that the previous…

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Negative Earnings Momentum

Oct 31, 2001 at 00:00

Today's release of preliminary GDP data indicated the economy was not as weak as economists expected in the third quarter. This was followed by the better than expected Chicago PMI…

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Earnings and Pink Slips

Oct 24, 2001 at 00:00

Earnings season is in full force with mixed results. Several companies are meeting or beating lowered estimates. While the market is focusing on a couple pennies here or there, it…

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Where is the Good News?

Oct 17, 2001 at 00:00

The recent confession from Providian Financial indicates how frail and over-extended the high-risk credit consumers are. Providian reported that its credit loss would be just over 10%. Actually, it's worse…

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More On The 'V' Recovery

Oct 10, 2001 at 00:00

The "v" recovery scenario remains intact, at least according to Blue Chip Economic Indicators. The consensus forecast from the stable of economists points to falling GDP in the third and…

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More Questions

Oct 03, 2001 at 00:00

Companies are reporting that business is improving and investors are embracing these announcements. However, these companies are reporting that business is improving from the days after the attack on September…