Friday, April 17, 2009

Show us your bottom

We all are desperately looking for the bottom. We know the rise out will take some time. But. at least let us hit bottom. There seem to be some glimmers of hope, but I think they are still just noise in the data. Here is some good (good?) news from the Philadelphia Fed.
The contraction in manufacturing in the U.S. Mid-Atlantic area slowed in
April as as result of a less severe deterioration in new orders and labor
conditions, a regional Federal Reserve survey released on Thursday showed.

Job losses continue....

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