The Deipnosophist

Where the science of investing becomes an art of living

My Photo
Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

01 March 2006

ISM index still healthy

The following comments are from the always-insightful, Scott Grannis, Chief Economist at Western Asset Management...

The Institute for Supply Management's index of manufacturing activity in February came in at levels that are solidly consistent with real economic growth of at least 3-4%. Since fourth quarter growth was only 1.6%, growth this quarter is likely to be 5% or better, resulting in an average for the two quarters of 3.5% or so. Export orders were also strong. The prices paid component of the index reflected the continuation of widespread pricing power, with almost two-thirds of respondents reporting paying higher prices.

who's online