The Wall Street whack over the weekend of September 14-15th -- couldn't you just feel it coming? Yes, the proof that Bears make money, Bulls make money and Pigs get slaughtered is right there on the news channels today.
Not that major funding mismanagement has anything to do with it, I'm sure, but the Bureau of Labor Statistics ,PPI, August 2008, and out Sept. 12, 2008 show a goods decline by 0.9 percent in August "seasonally adjusted."
Further, the "index for finished energy goods declined 4.6 percent in August etc. etc. That's all awash now in the wake of Hurricane IKE.
So in the wake of man made and natural disasters -- what's next?
If we knew that there wouldn't be any problems we couldn't plan for. In the consulting business where properties are inspected and values researched, look for changes -- again.
According to what I see via the Internet and friends reporting in: The prices in stainless are dropping, but carbon steel remains high and looks positive. Precious metals, they're always up and down, but reasonably steady today. And, despite auctions of prime manufacturing facilities by the day, manufacturing in the U.S. still has some life.
Current economic signs, who knows? They're like the weather, but we can't stop planning, it's just not the way we Americans do things.
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