Monday, February 12, 2007

Monday Morning Rambles

I read Barron's every weekend. The Market Laboratory section has some good facts. Electric power production for week of Feb. 3 was up about 3% over the prior week and up 15% over the same period last year. That's a lot, but I suppose cold weather has something to do with it. From memory, the year-over-year increase was a lot last week, too. A strong economy & consumer means more power consumption - computers & the Internet use a lot of electricity.

Medium grade bond yields were lower vs. last week, and slightly lower than last year. I guess the soft landing or "touch & go" economic trajectory seems very likely now.

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