Monday, July 02, 2007

Economy Stronger and Rates Lower

Some excellent indicators today of a strong economy with low inflation............The ISM came in better than expected and hit a 14 month high concurrenlty as interest rates headed lower. The 10 year dipped below 5% to 4.99%, once again signifying that there is not an inflation threat out there.

"The June ISM national manufacturing survey came in at 56.0. This was up a bit from 55.0 in May and was about in line with expectations. It represents good news in that it reflects steady and decent growth for manufacturing. A reading above 50 is intended to show growth for the sector."

-courtesy of

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