tag:blogger.com,1999:blog-6616959642391988608.post7566999771628548283..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Service sector report unimpressiveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-29302680980572598712011-12-06T04:48:25.797-08:002011-12-06T04:48:25.797-08:00Scott: I understand that you are fundamentally ho...Scott: I understand that you are fundamentally honest in your analysis,a nd when data doesn't support your analysis you are up front about it. Nevertheless, the data is worrying because service ISM is very important to the US economy (its such a large percentage). I'm curious about the input costs...Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47961316146013271842011-12-05T13:17:32.393-08:002011-12-05T13:17:32.393-08:00Over at Carpe Diem, Perry reports all manner of fa...Over at Carpe Diem, Perry reports all manner of falling price indices.<br /><br />With unused capacity to the moon, and falling prices, the Fed is doing a Japan.<br /><br />Being accommodative is yesteryear's policy. Ii is not enough. <br /><br />Times change. The Russkies are gone, and inflation is no longer the bugaboo.<br /><br />The threat today is Japanitis.<br /><br />The Fed must not Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7997416303938721542011-12-05T12:31:23.588-08:002011-12-05T12:31:23.588-08:00Frozen: I continue to have a "positive spin&q...Frozen: I continue to have a "positive spin" on most things, but not by design. I feel obligated to note when there are indicators that don't support my overall outlook. As for prices, they are always driven by monetary fundamentals, not by wages or input costs.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53760945451771397662011-12-05T12:20:42.578-08:002011-12-05T12:20:42.578-08:00This is bad, I count on your for positive spin to ...This is bad, I count on your for positive spin to the economy. If you are going to be as gloomy as me, what's the point! Seriously, you point out a serious problem (prices) I'm not sure that it is wage driven or input cost driven.Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3562494192534764592011-12-05T10:40:01.131-08:002011-12-05T10:40:01.131-08:00ISM indicators are only useful at market bottoms. ...ISM indicators are only useful at market bottoms. Once the economy has entered recovery/expansion they do not provide much insight. Even falling below 50, which they do often during economic expansion they fail to identify a slowing economy.<br />These are sentiment indicators (soft values) and often do not match economic data which are hard values but for the bottom of the recession.seekingtraceevidencehttps://www.blogger.com/profile/02479493983076211876noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54673930687397248572011-12-05T09:52:12.627-08:002011-12-05T09:52:12.627-08:00Is this a very reliable indicator of anything? It...Is this a very reliable indicator of anything? It seems to zig zag all over the place and reflect current sentiment based on headlines rather than reality. I'm not sure why you think it's important at all.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.com