 |
|
| March Producer and Consumer Prices - Apr. 20, 2005 |
|
Summary
Over the last two days, the Labor Department has reported on producer and consumer prices for March. Wall Street and, for that matter, the Federal Reserve, too, continue to play the spin game of "core" versus "non-core" results. This nonsense only helps dig a deeper hole from which the US economy and markets must attempt an escape! On a separate front, don't be surprised if stocks soon resume a downward path!
_____
I am almost finished with getting all my systems back to 100% operation. Being back at 100% by tomorrow morning looks like a decent bet, which is when I will have out a more detailed examination of the recent inflation reports.
However, I'll say now that they are a good deal more onerous than the folks on CNBC and Bloomberg are representing. The recent performance of physical gold is a far better barometer!
Incidentally, the stock market's rally so far, considering the oversold levels from which it is coming, should be highly disappointing to the bulls. Some passage of a little more time should serve to work off enough of the oversold condition to permit stocks their next down-leg. And it may not take very much additional time, either.
_____
|
|
|
|
|
|