The Maharishi Effect is extremely modest and even that is being quite generous.
--- claudiouk <[EMAIL PROTECTED]> wrote: > This doesn't square with invincibility! > > http://news.bbc.co.uk/1/hi/business/6091576.stm > > Housing slump batters US economy > US economic growth slowed to an annual rate of 1.6% > in the third > quarter of 2006, its lowest level for three years. > Commerce Department figures showed that the slump in > the US housing > market was largely responsible for the loss of > economic momentum. > > The data showed a 17.4% annual fall in spending on > new housing. > > During the previous three months the economy had > grown by 2.6%. Now > the rate is at its lowest since the first quarter of > 2003, when it > was 1.2%. > > However, some analysts said that consumer spending, > buoyed by a fall > in fuel prices, would provide a boost to the economy > with some > forecasting a growth rate of 3% in October to > December > > Voter influences > > The slump in gross domestic product (GDP), well > below Wall Street > expectations, comes as a blow to President George W > Bush ahead of the > US midterm elections next month. > > > Below 2% is certainly a negative surprise and > suggests that the > economy is cooling off faster than anticipated > Michael Woolfolk, > Bank of New York > > > The economy, alongside immigration and the war in > Iraq, is expected > to be a major influence on voters when they go to > the polls. > > Analysts said the news meant an interest rate rise > from the US > Federal Reserve was now unlikely to be imminent - > with some > predicting a rate reduction as being more probable. > > The UK-based Centre for Economics and Business > Research (CEBR) said > it expected US growth would be revised up slightly > but that the > picture remained "one of a controlled economic > slowdown". > > "Weak GDP figures will likely give the markets > something to worry > about, although on the other hand, they will raise > expectations that > the next move in interest rates will be down," said > CEBR senior > economist Jonathan Said. > > In the US, the data also caused a surprise. > > "Below 2% is certainly a negative surprise and > suggests that the > economy is cooling off faster than anticipated," > said Bank of New > York strategist Michael Woolfolk. > > "But it is certainly in line with the Federal > Reserve's story that a > moderation in growth will help core inflation come > back down into its > comfort zone in the mid term." > > > Story from BBC NEWS: > http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/6091576.stm > > Published: 2006/10/27 13:47:20 GMT > > © BBC MMVI > > > > > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!' > Yahoo! Groups Links > > > mailto:[EMAIL PROTECTED] > > > > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
