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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Comment by kelsat01on Jun 23, 2012 7:02pm
293 Views
Post# 20048110

RE: RE: RE: RE: 52 month low

RE: RE: RE: RE: 52 month low

Technically true that the president does not preside over QE3.  That is the federal reserve's department.  However there are political forces at work during election years that curtail the feds ability to do its work.  They do not want to appear to be affecting the political process and will avoid major proposals that work against the prsiding president.  QE3 would just tend to create commodity inflation and any job creation that it would create would not be seen until after the election (debatable whether it works).  The only chance that QE3 would be in effect prior to November elections would come if there was a contraction in the economy. 

Right now the reduction in commodity prices have a natural stimulus effect that is far more effective than artificial stimulus.  That is why I do not believe it is coming.  On the positive side - lower commodity prices means increased econimic activity which leads to higher more sustainable commodity prices.

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