4.05.2007

Things you would have foreseen if you weren't the dumbest economist on Earth

U.S. Economy: Services Expansion Unexpectedly Slows:
U.S. service industries grew at the slowest pace in almost four years in March, leaving the economy more exposed to slumps in manufacturing and housing.

The Institute for Supply Management's index of non- manufacturing businesses including banks, builders and retailers slid to 52.4, lower than economists anticipated.
Services? You mean the group that includes realtors, mortgage brokers, and homebuilders? Why would anyone think they would be hurting?

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