ANXIETY ON THE STREETANXIETY ON THE STREETFretting fret·ting n. A hole, or worn or polished spot made on metals by abrasion or erosion. about the actual strength of the recovery, Wall Street pulled back on June June: see month. 15-17, with the S&P 500 losing 3.8% in two days following a 40%-plus rise over the past three months. It's easy to see why investors may be perplexed per·plexed adj. 1. Filled with confusion or bewilderment; puzzled. 2. Full of complications or difficulty; involved. [Middle English, from perplex, confused . Housing starts in May leaped a surprising 17% from April's all-time low, but output of U.S. factories and mines continued to shrink shrink Vox populi noun A psychiatrist as overall industrial production declined 1.1% in May. Manufacturing fell 1.0%, with motor vehicles accounting for about a third of the decrease. Meanwhile, May inflation numbers came in well under expectation, with wholesale prices up 0.2% for the month and consumer prices up just 0.1%. The overall cost of living in May was down 1.3% from a year ago, the biggest drop in 60 years. See "Housing Starts: Up Is Better Than Down" businessweek.com/magazine 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion