I guess I am wrong about the economy, employment and the gradual slow down in durable goods, capex and GDP.*
Its safe to say that with construction employment is on the upswing, the bottom in real estate must be here! And I guess with all this hiring, we best brace ourselves for the following:
-Big upswing in consumer spending
-Large decrease in Foreclosures
-Upswing in US Auto Sales
-Deceleration in personal bankruptcy filings
-Large increase in New Home Sales, Permits and Starts
-Significant gains in Existing Home Sales and Prices
-Reversal of the Deceleration of Corporate Profits
-Improvement in Manufacturing Data and ISM
-Surge in Corporate Capital Expenditures
Yeah! Its a soft landing! The Business Cycle has been revoked! The worst is behind us! It turns out that Greenspan is a financial genius after all.
How could I have ever doubted any part of the economic system, from BLS to the White House to Wall Street!?!
Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on! . . . Turn those machines back on !
UPDATE: April 6, 2007 4:45pm
* See this for more details
Stax 50th Anniversary Celebration: Last year, Concord Music purchased Fantasy Records, and as a bonus, they landed the "bulging Stax
For those of you not fans of 1960s/70s Soul music, Stax was one of the richest sources of R&B, Soul and Blues. They were home to such artists as Otis Redding, Isaac Hayes, William Bell, and Booker T.
For some reason, they were overshadowed somewhat by Gordy Berry and Motown. This double CD features 50 hit singles from Stax (and Stax-Atlantic) from the labels’ 1960s and ’70s heyday, and attempts to make up some of that ground.
The WSJ had a glowing review of the set:
"Stax, the music label responsible for superior soul,
R&B and an occasional slice of the blues in the ’60s and early
’70s, is observing its 1957 founding in everything but name by
releasing "Stax 50th Anniversary Celebration," featuring 50 of the best
tracks from its vaults. It could have released twice as many, or more,
without a dip in quality. In fact, it did release twice as many in 2000
under the title "Stax Story" and almost 2½ times as many in 1991 in the
superb boxed set "The Complete Stax-Volt Singles 1959-1968." Two
subsequent collections from the archives of Stax and its Volt
subsidiary raised the number of tracks issued in the past 15 years to
652, more than 13 times what’s in the 50th anniversary box.
A joy from the first cut to the last, "Stax 50th
Anniversary Celebration" is a reminder of the glory days of R&B,
when singer, song and band came together with fervor to spark body and
soul. The music all but sweats with the musicians’ passion: There are
no drum machines and no vocal bent to pitch by software. The punchy
horns are real brass and reeds, not lines played on synthesizers. Now
and then, a musician flubs a note or misses a cue, but an absolute
reliance on musicians’ creativity can deliver brilliant pop music
that’s timeless. Especially if the vocalists are the likes of Eddie
Floyd, Otis Redding, Sam & Dave and the Staple Singers."
The Journal eds were kind enough to move the full article over to the free site for the linkfest, so you guys get an early viewing pre-weekend.
click for CNET media player
Several videos are after the jump:
Golden Oldies: Stax Releases A 50th-Anniversary Boxed Set
WSJ, April 4, 2007; Page D9