The rosy economy is starting to smell - & it doesn't smell like roses

[liberal N proud]

Reports released during the week included a weaker-than-expected gross domestic product (GDP) estimate, indicating a slowdown in economic growth for the second quarter. The Federal Reserve Board's Beige Book indicated economic expansion in all of its districts, although many districts reported a slower pace of growth. In separate reports, existing- and new-home sales declined and labor costs were up, while consumer confidence rose and new orders for durable goods grew faster than expected. For the week, the S&P 500 Index rose 3.1% to 1,279 and the yield of the 10-year U.S. Treasury note fell 6 basis points to 4.99%.

http://flagship.vanguard.com/VGApp/hnw/VanguardViewsArticle?ArticleJSP=/freshness/News_and_Views/news_ALL_econ_07282006_ALL.jsp

[Monkeyman]

1. Lets hope China does not call in the note

Down Down Down we go Thanks again Bush what is it now 800 billion trade deficit