GS note - ema - SocialPicks

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GS note
Jun 04, 2007 04:54 PM UTC

ema

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-3.54%	HIGH

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Via Ema's Market Blog:

The news is good

A busy week of macro releases confirmed the following broad themes: (1) the global economy is booming; (2) the US economy ex-housing is firing on all cylinders, notably due to a rebound in manufacturing; (3) inflation indicators are moderating; and (4) the housing recession is bad and playing out worse than expected by consensus opinion.

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