Thursday, Jan 18, 2007
US CPI up while housing starts down (again)
Bloomberg: U.S. Consumer Prices Probably Rose in December, Starts Fell
A heads up from Bloomberg to today's stats:
So let's get this straight - the economy is declining and inflation is rising. OK. That must be good for stocks... NOT!
Posted by financial planner @ 08:37 AM (160 views) Add Comment
2 Comments
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1. the bald man said...
Its called stagflation in eco jargon.
2. Brian said...
Although I'm personally quite pessimistic on the economy and inflation, Bloomberg's predictions and surveys carry little credibility and differ from the actual numbers more often than not. Take it from someone who sits on a trading floor and watches a BB terminal 8 hours/day. Better to wait until the numbers come out (13:30 GMT today) before making any claims.