Ex-transport is only barely up, and the decline last month was only marginally revised, so it's a bit disappointing, because it marks essentially the fourth month with no orders growth at all.
More Quotes from Chris Low:
They (China) ship a lot of goods to Wal-Mart. Wal-Mart pays for these goods in dollars and manufacturers in China trade these for China's local currency and eventually the dollars work their way into China's central bank.Chris Low
The trade deficit widened to a record in September, as expected. But it wasn't the oil story we were all looking for. Instead, it boils down to Boeing and Airbus, with the European firm holding the cards this time around.
Chris Low
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
Chris Low
With three negative reports in a row, it's ugly. What we are seeing is two things it is the storms and a pre-existing condition that came with the end of auto discounting. Part suppliers and their raw materials suppliers benefited from auto sales incentives.
Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
If they diversify from the U.S. dollar denominated assets, it would lower the value of the U.S. dollar relative to China's currency, the yuan, and make it more expensive for American companies to buy goods made in China.
Chris Low
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Based on Topics: Disappointment QuotesWhen the unwelcome little unborn shall have seen the light my brain will be lightened, and I shall have a clearer mind. Thank God that even this weary nine months shall come to an end and leave me in possession of my own body and my own soul.
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I don't like to say I have given my life to art. I prefer to say art has given me my life.
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Jews were asked when life begins. For them it's when they finally graduate medical school.
Evan Sayet