Tuesday, Dec 19, 2006

US Inflation NOT under control

BBC: US sees surge in producer prices

The producer price index, which measure the cost of goods from US factories, farms and refineries, rose 2% last month, well above forecasts. The US Labour Department figures saw the core index - which exclude volatile food prices and energy - rise 1.3%. November's increase challenges the notion that inflation is under control.

Posted by pinetree @ 03:37 PM (539 views)
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1. harold said...

US sees surge in producer prices - and so the Dow responds by reaching new highs!!??

What a funny market right now - must be due for a crash.

Wednesday, December 20, 2006 12:37AM Report Comment

2. Nohpc said...

I have to say I am very surprised by the Dow of late. It appears to be remarkably resilient. I am sure that all those mega rich stock brokers are not stupid people and are very well of all the ups and downs of the american economy so there is obviously still a lot of confidence. And there's not even a tech boom driving this or anything.

Wednesday, December 20, 2006 05:56AM Report Comment

3. harold said...

'resilient' is not how I would describe it, 'highly speculative' would be more appropriate.

"I am sure that all those mega rich stock brokers are not stupid people..." Maybe not, but they are greedy, which has its own perils.

Wednesday, December 20, 2006 10:52AM Report Comment

4. Boarder said...

Maybe they are pricing in inflation, rather than growth?

Wednesday, December 20, 2006 11:32AM Report Comment

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