Resumen De Señales Particulares Jorge Adoum Capitulo 8

NAME: Jordan Angulo Cours: fourth A1 Date: 2008, 02, Monday 3
All of this is not to downplay what is essentíally a recession in housing. Housing starts sank further in July. Permits tobegin new construction plunged cióse to a four-year low (chart), and an industry measure of builders' sentiment sank to a 15-year low. Forward-looking indicators from declining mortgage applicationsto depressed altitudes of potential home buyers to moribund buyer traffic in model homes indícate more weakness to come. But as the numbers so far suggest, weak housing does not necessarily mean a softeconomy.
Not so fast. Take a look at some of the economic readings outside of housing. Industrial production in July continued to gain momentum, not lose it, and the operating rate for allindustry hit a six-year high. Consumers responded to sweet deals on autos in July, even as they boosted their spending on other retail Ítems. Foreign demand also remained strong, as June exports postedanother big gain. And second-quarter profits of companies in the Standard & Poor's 500-stock Índex racked up a solid advance of nearly 13% from a year ago, even excluding the energy sector. Tríese reportshardly point to a broad moderation in economic activity.

Vocabulary
Even: incluso
Start: salida
Support: apoyoLook: Mirada
Readings: lecturas
Continued: continuado
Lose: pierda
High: alto.
Sweet: dulcementehardly point

I AM GOING TO TOLK

Permits to begin new construction plunged cióse to a four-year low
But as the numbers so far suggest, weak housing does not necessarily mean asoft economy
Take a look at some of the economic readings outside of housing
June exports posted another big gain. And second-quarter profits of companies
Tríese reports hardly point to a...