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About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Monday, October 02, 2006

Economic Indicators

A look at the varied sets of economic indicators I track
shows we should expect further slowing of growth, but the
indicators have as yet to experience the sort of downward
break that would herald a severe slowdown or recession. As
one might suspect, the coincident economic indicators are
starting to flatten out and lose momentum measured year over
year.

The continuing rallies in high yield or junk bonds and in
intermediate corporates also indicate that investor confidence
in the economy remains intact.

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