Word: sectored
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...housing sector, Wednesday brings Existing Home Sales for June, expected to be down a bit from last month, and Friday it's new home sales, expected to once again make Greenspan smile - especially as he's managed to talk those 10-year bonds (think mortgages and mortgage-refis) down a bit. In a somewhat related report, durable-goods orders for June hits the Street on Thursday...
...whole thing. The whole program is a 1965 model that was good in 1965. But it's outdated, and it's micromanaged by Congress. You have to reform it fundamentally with a program that combines the best of what government can do with the best of what the private sector can do. I would allow people who want to stay right where they are in the current fee-for-service program to stay there, but create a new entity. It would be private insurance that would compete...
...despite what you may have heard about strong auto sales lately, SUVs, minivans and light trucks are about the only way Detroit makes any money these days - and that just happens to be the sector under heaviest attack from Japanese brands. And the U.S. carmakers losing ground. Just this quarter, General Motors registered a 73% decline in net income, in party because of competition from Japanse car companies for the coveted SUV market. Congressmen from the Motor City don't ask too much of the auto industry in the middle of a manufacturing recession and overall slowdown...
...NASDAQ, at 2,084, to levels they hadn't seen in months, because everybody agreed that things were bad but might not get any worse. But everybody also agrees the real turnaround in business spending is a half a year away, and any revivification of the manufacturing sector might take longer than that. So as 1,200 companies air their dirty balance sheets in public this week, what more is there for an investor to get still more excited about...
...benefits, of course, depend on how the technology is used. If GM techniques are dominated by private sector investment alone, they are most likely to be used to develop characteristics valuable to rich farmers and rich consumers - such as tomatoes with a longer shelf life. It will take far greater public investment to turn the tools of GM to the needs of poor communities. The potential is to develop crops that have better drought tolerance, greater pest resistance, higher yields and greater nutritional content - and all of those characteristics are important in improving the food security of poor rural communities...