Wednesday, November 15, 2006

Still going:

The New York Fed released its monthly Empire State manufacturing index this morning, which showed a surprise rise over last month. The index came in at 26 compared to last month’s 22. Considering analysts were expecting the index to decline, the rise shows New York is not in the dire state many are crying it to be.

The news is a bullish sign for the New York economy at a time when things appear to be topping. The question is based on the data, how is Spitzer going to be able to show he can do better? For him to make the situation of the state better then it already is, he would have to take unemployment in the State to levels never seen defying all the odds.

Good luck Eliot!

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