Despite the sentiment and cash hoarding there is still forward momentum in the economy as illustrated in industrial production.

The following chart (courtesy of Yardeni.com) does a good job of showing the state of the recovery in industrial production as of July.  Hopefully the slowdown I foresee due to the recent panic attack will only be a short term negative blip in this otherwise encouraging trend. Jeb Terry, Sr. Aug 17, 2011

Aberdeen Investment Management – a guide service for micro-cap technology investment

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