Monday, September 26, 2005

 

Economy May Have Been Slowing Down Even Before Hurricanes

August indicators seem to show that the US economy was slowing down even before Hurricane Katrina hit, although you can just about take it to the bank that if things slide in the next few months, this fact will be long-forgotten.

September is shaping up to be a terrible month for auto sales; it should be interesting to see if that ends up being a broader indicator of market performance.

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