Buat rekan2 hari Selasa : (malam Selasa jam 12 ini DOW merah -0,9%) Kondisi ekonomi AS sebetulnya bisa diliat dilaporan dibawah (cuplikan doank). credit perumahan, tidak terlalu banyak merusak ekonomi.
U.S. Economy: Services Growth Unexpectedly Quickens (Update1) By Bob Willis Nov. 5 (Bloomberg) -- Growth in U.S. service industries unexpectedly picked up in October, suggesting the housing slump has done little harm to the broader economy. The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90 percent of gross domestic product, rose to 55.8 from 54.8 in the previous month. A reading greater than 50 indicates growth, according to the Tempe, Arizona- based group. The survey, which includes banks, builders and retailers, showed new orders rose, along with demand from customers overseas. Exports, consumer spending and a growing labor market are cushioning the economy from the housing recession and the impact of August's credit- market collapse. ``The effects on the rest of the economy from all these issues in the credit market are still very, very limited,'' said Eugenio Aleman, a senior economist at Wells Fargo & Co. in Minneapolis, who forecast the index would rise to 55. ``I continue to be relatively positive on the outlook even though the risks have increased.'' Economists forecast the index would drop to 54, according to the median estimate of 72 analysts surveyed by Bloomberg News. Predictions ranged from 51.7 to 56.5. Mishkin Says Fed Can Reverse Rate Cut If Unneeded (Update2) By Scott Lanman and Anthony Massucci Nov. 5 (Bloomberg) -- Federal Reserve Governor Frederic Mishkin said last week's interest-rate cut was aimed at reducing economic risks and policy makers can take back the move should it prove ``unnecessary.'' Fed officials ``perhaps could have waited for more clarity and left policy unchanged last week, but I believe that the potential costs of inaction outweighed the benefits,'' Mishkin said at a conference in New York. ``Should the easing eventually appear to have been unnecessary, it could be removed.'' Mishkin, in the first comments by a policy maker since the Federal Open Market Committee lowered the benchmark interest rate a quarter- point to 4.5 percent, said the easing won't ``materially'' change the inflation outlook. Still, he reiterated language from the Oct. 31 statement that rising energy and commodity prices may spur broader inflation.
