Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
Oct. 31, 2006

According to the Conference Board Consumer Confidence number says the recession has started although people are still confident that things will better somewhat. No one yet doubts Government’s ability to provide a soft landing. The lower gas prices and higher stock prices did make people somewhat ecstatic. But what is conspicuous is that the wall street gurus and the economists making millions and billions are again wrong.

The Fed cannot lower rates because of the price deflator and tight labor market. The economy has fooled the Fed again. They are trapped. They cannot lower rates while the economy dips into deep recession.

The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.

Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.
READ MORE>>

Chicago Purchasing Managers index shows the economy is headed for a deep recession and most pundits and Fed is wrong
Sam Adelton
The Chico PMI just says the recession has started within the umbrella of stagflation. It is expected now to turn into deflation driven deep recession if not depression.
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The jump in Conference Board Consumer Confidence shows temporary cheer in the mind of people on gas prices and stock market
Ratan Sen
The jump in Conference Board Consumer Confidence is interesting. People are relived at what they see in gas stations. They are happy to see the Dow going up steadily.
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Chicago purchasing managers' report will show a sharp decline – a long-term negative for the economy
Marla Guthrie
The Chicago PMI expected to come at 58 down from 62.1 last month. The trend is downwards and the effects are clear from auto and housing sectors....
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Employment Cost Index will show deceleration is rise – another sign of underemployment driven stagflation
Alan Hersey
The most prominent signs of stagflation comes from the inadequate rise in wages while employment is kept at a very level. That is exactly what is happening now.
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What Microsoft did to computers in 80s is what Google is doing to media industry - Nearly every major U.S. newspaper suffering circulation declines
Peter Oberois
Online news sites and blogs replacing US Newspapers, radio and TV stations – the decline is sharp and severe....
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Momentum indicators point to a sharp drop in Dow in coming months – common people with little experience will lose again
Sam Adelton
Another analytic that tracks a differential between pros and novices in the stock market says the market never ever so vulnerable since 1929 and 1962!
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