Economic Observation 2003-4

             The economy seems to be churning on all cylinders as of November 2003.
             As retailers expect great numbers during this holiday sales season, our
             overall economic health seems to be better than this one year ago. Other
             than some high unemployment figures and major problems as the airlines, it
             would seem that retailers will score big and the new manufacturing orders
             seem to be on a rise according to the Investment Business Journal.
             New home sales are up because of low interest rates and the automobile
             saw one of its first positive sales Novembers in years. Iraq an the oil
             situation seems to be under control as long as your not a soldier in Iraq
             of course. Economically, our country seems to coming out of the doldrums.
             The question I, can we maintain into the first and second quarters of 2004
             or are we simply hoping all is well.
             This report will review the current economic climate by touching on
             topics such as the market, Iraq, inflation, the airlines issues, retail
             sales and consumer consumption. Upon completion of the current economic
             situation an attempt to forecast into the first quarter of 2004 will be
             presented. Currently things are looking upâ€
             Retailers in the United States are, for the first time in several
             holiday seasons, a little jollier. According to the Investment Business
             Daily and the Yahoo Finance boards, November retail sales rose. That is
             great new in regard to our economic outlook considering that retailer make
             almost fifty percent of their annual sales during the last quarter Holiday
             season. One damper may be the higher initial unemployment numbers from the
             In addition there was great news coming out of Detroit in regard to a
             successful sales quarter. The big three auto manufactures not only
             proclaimed high sales figures, they also had positive outlooks for the
             immediate future. Investment Business also pointed out that the n...

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