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Manufacturing growth almost stalled in October

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posted on Nov, 1 2007 @ 11:01 AM
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Manufacturing growth almost stalled in October


news.yahoo.com

NEW YORK (Reuters) - Factory activity nearly ground to a halt in October as tighter credit conditions and a housing downturn proved a drag on production, according to an industry report on Thursday.
(visit the link for the full news article)




posted on Nov, 1 2007 @ 11:01 AM
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This is bad. Our industrial base is basically shutting down. Expect it to completely shut down here in the next few months.

news.yahoo.com
(visit the link for the full news article)



posted on Nov, 1 2007 @ 11:07 AM
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Originally posted by MikeboydUS
This is bad. Our industrial base is basically shutting down. Expect it to completely shut down here in the next few months.


I think this is a gross exaggeration. "Completely shut down"? Puh-leeze.



posted on Nov, 1 2007 @ 11:10 AM
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reply to post by Aelita
 


Well it really depends on events in the Middle East, the economy, and how the government reacts. Considering it, industrial manufacturing came pretty close to halt last month its not a far fetched idea.



posted on Nov, 1 2007 @ 11:11 AM
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reply to post by MikeboydUS
 


I hear ya Cobra Commandr -- this is bad news, awful news. The manufacturing sector is all the U.S. (obviously) has to GIVE to the world and auto plants are cutting works all the time, plants are shutting down and the jobs are shipped overseas or non-existent anymore.

America's "fiscal day of reckoning" can't be far off the horizon.



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