you've all heard about the letter. I have three associations: about tariffs in the early 30s, about the pressure on Volcker and, sorry, Sarah Palin. here is this letter, this one is almost the same picture, as the show is the last (literally show, ie. TV programme). there are many different words, for example, bandwagon effect, there are stronger words inherent in the Russian language. and then there are highly intelligent European officials again having fun with the markets. sometimes good, that we live in an undeveloped country. clumsy only with an ax, petty nonsense do not take us.
but! a real surprise crept up to us!
then, drumroll:
New York manufacturers say business conditions have "deteriorated" this month.
For the first time since mid-2009, the survey’s general business-conditions
index fell below zero to -11.1, declining 27 points from October’s reading of 15.73.
first thought: too early. I, if you remember, set for this closer to the one-year milestone.
second thought: well, this, only NY, this is the first survey this month, even more important than kansas, some.
but! if you have not realized all the charm, then the third thought is shown on the graphs below: ouch.
neither add nor subtract. but if you think, 2010, this is a great year for money managers;)
