Thursday, January 27, 2011

ISM Index Revised Upward

Bernanke's money printing that distorts the economy in favor of the capital goods sector seems to be doing the trick.

The Institute for Supply Management said its index of national factory activity was 58.5 last month, compared with the 57.0 reading it originally reported.

The index's employment component was also revised higher to 58.9 from 55.7.

Readings above 50 indicate expansion.

Of course, the next stop will be accelerating price inflation. What's Bennie going to do then?

No comments:

Post a Comment