US Economy - "resilient"


	US Economy - "resilient"

RecordSage

10-13-2006 3:48 PM

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tags:

economy, usa, resilient

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/46e63d1a-c606-4ec7-a0b1-5d69bc4698b1/79DCE164-7820-4569-97FF-DCA2BCFF3782/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug" href="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug"><NYT_HEADLINE _moz-userdefined="" type="%20" version="1.0">
Fed Reports Resilience in Economy
</NYT_HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug"><P>Maybe the sputtering housing market will not be that big of a drag on the economy after all.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug"><P>Falling gas prices are leaving Americans with more money to spend, and inflation has become less of a threat in recent weeks, according to a report released yesterday by the Federal Reserve.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug"><P>Wall Street reveled at the news. Stock prices — already buoyed by a series of strong corporate earnings announcements  from companies like McDonald’s and Costco — surged even higher after the Fed’s report, the beige book, came out yesterday afternoon.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2006/10/13/business/13econ.html?ei=5090&en=3d7fb5ab619535be&ex=1318392000&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1160768574-70NX5bbSbV2jkdsR5Ncfug"><P>Peter Kretzmer, senior economist with  <A title="Bank%20of%20America" href="http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp%26symb=BAC">Bank of America</A>, said such strong import growth was a sign the economy would expand at a faster rate in the final months of the year. “We’ve been surprised by how strong import growth is,” he said. “This strong domestic demand may be a bit of a harbinger of a strong domestic economy going into the fourth quarter.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/79DCE164-7820-4569-97FF-DCA2BCFF3782/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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