Friday, October 15, 2004

Who the Hell Bought What?

PPI in line, Retail Sales up 1.7% vs .5%(whoo dee doo), due to all those autumn Street Fairs in the streets of Manhattan. Macedon personally spent $6 on two Mozzarepas(cornbread/mozzarella). Empire Manufacturing much weaker than expected, a quick 25 pip gap up in USD/JPY now fully retraced and then some, USD losing ground across the board. We still have U Michigan and Industrial Production/Cap Utilization due out in about 45 minutes. It's Friday. The United States economy still sucks. More to come...

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