http://www.ritholtz.com/blog/2009/07/ism-services-index/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 21:34:11 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.ritholtz.com/blog/2009/07/ism-services-index/comment-page-1/#comment-190291 me Mon, 06 Jul 2009 18:01:05 +0000 http://www.ritholtz.com/blog/2009/07/ism-services-index/#comment-190291 I think David Rosenberg said it best that this number is useless. I think David Rosenberg said it best that this number is useless.

]]> http://www.ritholtz.com/blog/2009/07/ism-services-index/comment-page-1/#comment-190228 Jo Mon, 06 Jul 2009 15:52:13 +0000 http://www.ritholtz.com/blog/2009/07/ism-services-index/#comment-190228 Move aside economic crisis................welcome fiscal crisis. Move aside economic crisis…………….welcome fiscal crisis.

]]> http://www.ritholtz.com/blog/2009/07/ism-services-index/comment-page-1/#comment-190196 franklin411 Mon, 06 Jul 2009 15:07:01 +0000 http://www.ritholtz.com/blog/2009/07/ism-services-index/#comment-190196 What's interesting is that real estate and construction were two of the sectors with the strongest growth. Retail is lagging, which makes sense. RE and construction led us down, so it's natural they would be the first to recover. This explains why the jobless number was so bad too--in a 70% economy, joblessness is bound to be horrid when retail gets hit with the full brunt of the storm. We are much closer to the end of this crisis now than we were 3 months ago. What’s interesting is that real estate and construction were two of the sectors with the strongest growth. Retail is lagging, which makes sense. RE and construction led us down, so it’s natural they would be the first to recover. This explains why the jobless number was so bad too–in a 70% economy, joblessness is bound to be horrid when retail gets hit with the full brunt of the storm. We are much closer to the end of this crisis now than we were 3 months ago.

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