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Jeff Miller
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Jeff is the President of NewArc Investments Inc., manager of both individual and institutional investments. Jeff is a registered investment advisor, and portfolio manager for NewArc's investment programs. Jeff is a former college professor with a hands-on, real world attitude. His quantitative... More
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A Dash of Insight
  • ISM Data and Upcoming Jobs Report 1 comment
    Sep 1, 2009 12:11 PM

    This ISM Manufacturing Index for August was 52.9.  This continues an eight-month streak of gains.  As a real-time read on the economy, the ISM research says that this pace, if annualized, would indicate GDP growth of 3.7%, near the top of the range of consensus forecasts.

    The ISM numbers are better than other data we watch more closely.  We are not very bullish on Friday's employment report.  We'll do our monthly employment article soon.

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  • Schweizer
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    "If annualized."


    Key misleading and overused term.


    No one is hiring.
    No one is buying "stuff."
    No end to the job losses in sight.


    The recovery is statistical, not factual, and based on gov over borrowing and spending only.


    Typical bounce in an ongoing decline.
    1 Sep 2009, 12:31 PM Reply Like
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