U.S. service industries from retailers to homebuilders contracted last month at the slowest pace last month
Peter Oberois
Jul. 6, 2009

The trend is encouraging but the problem is that it is typical of bear markets and secular longterm economic depressions.

According to Pau La Zukari, an econometric modeler, the uptrend shows clear sign of momentum divergence that is typical of large long term secular bear markets.

The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 47 -- higher than forecast -- from 44 in May, according to data from the Tempe, Arizona-based group. Readings less than 50 signal contraction.

measure of prices paid rose to 53.7 from 46.9. The measure of new export orders gained to 54.5 from 47.

U.S. service industries from retailers to homebuilders contracted last month at the slowest pace last month
Peter Oberois
The trend is encouraging but the problem is that it is typical of bear markets and secular longterm economic depressions.
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Chinese economic boom is headed for gloom because it is now based on gains from property and stocks lacking domestic consumer growth
Sam Adelton
China has failed to promote domestic consumption to make up for weak global demand. China has failed to boost domestic consumption by increasing household income and not just through gains from property and stocks.
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India refueses to trust American dollar as the reserve currency – china and Russia push forward the alternative to American financial dominance
Praful Lodha
India is slowly expressing its deep concern over trusting American global financial leadership. India has now joined hands with Russia and China in looking for an alternate to American Dollar as the reserve currency.
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US Job report confirms depression and bear market
Peter Oberois
Employers cut a larger-than-expected 467,000 workers, driving the unemployment rate up to a 26-year high of 9.5 percent.
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US real estate markets in deep trouble - Mortgage applications in the U.S. falling very fast
Karen Zuba
This is very serious. The whole premises of Obama Administration is that refinancing and new loans will boost the real estate market which in turn will boost the overall economy.
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473,000 drop in the ADP Employer Services shows real trouble in US employment market – where will Dow be in the next six months?
Karen Zuba
What is the net impact on US equities? According to econometric and quantitative models, the stock market can tank 50% from the current levels in the enxt six to twelve months.
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Signs of severe bear market in US and global stocks imminent – the divergence in regional banks, homebuilders and of transportation companies
Peter Oberois
The bear market is live and well. It is ready to pound any time. Smaller banks in the lost 26 percent since climbing to a four-month peak in early May, while home builders tumbled 30 percent.
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Japanese manufacturers bounced back less than expected - exports and production picked up
Alan Hershey
The bounde is real. The extent is disappointing. The headline diffusion index for large manufacturers rose to minus 48 in June from a record low of minus 58 posted in March.
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