Wholesale Price/Industry Production Drop(largest decline since April 2003)

[papau]

http://story.news.yahoo.com/news?tmpl=story&ncid=716&e=6&u=/ap/20040715/ap_on_bi_go_ec_fi/economy

Wholesale Prices, Industry Production Drop

By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - Wholesale prices fell by 0.3 percent in June and big industry production was down as well, unexpected developments that one analyst likened to the economy hitting a speed bump.<snip>

Separately, the Federal Reserve reported that industrial production at the nation's factories, mines and utilities dropped 0.3 percent in June, it marked the largest decline since April 2003. That followed a 0.9 percent advance in May.

June's performance was weaker than the 0.1 percent rise analysts were predicting.

Factory production dipped 0.1 percent in June, down from a 0.6 percent advance. Output at utilities, which jumped 3.7 percent in May, declined 2.3 percent in June as temperatures returned to more normal levels after being unseasonably high in the previous month. Mining output nudged up 0.1 percent, after being flat in May. <snip>

[mhr]

1. Speed Bump - They Must Mean A Train Wreck!

Unemployed 4 years here!

See the chart below from the Dallas Federal Reserve. Note how Dallas, TX has yet to return to levels of employment last seen in 2000.

[Wright Patman]

2. Dallas is so over

There was never any reason to live there to begin with aside from making money through financial fraud. It's little more than a paved-over section of blackland prairie in the middle of nowhere.

The only people even in Texas who don't view it as a wasteland are those who have moved there from the real wastelands out near where * grew up in far West Texas.