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The Philadelphia Fed reports continued weakness.
A smattering of reports yesterday showed continued weakness ahead.
On that score, the G.E. report showed continued weakness.
Outside of jobs and houses, manufacturing showed continued weakness.
The culprit: continued weakness in the mining sector.
Philip Rosner, the company's chairman, cited "continued weakness in our industry and the general economy".
"We expect continued weakness in housing through 2008 and mortgage volumes to decline as a result.
Continued weakness in the dollar could improve profit margins for some of the companies.
"But there will be continued weakness until there's sustained positive direction coming from our leaders".
But the results, while surpassing expectations, showed continued weakness in the firm's retail and asset management businesses.
He also questioned the effectiveness of the rescue plan in restoring confidence given continued weakness in the American housing market.
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CEO of Professional Science Editing for Scientists @ prosciediting.com