CPI up 0.7%; Core CPI up 0.2%

i even read the post

i am convinced the lack of traffic on CR is suggesting a top (soon)

i am convinced the lack of traffic on CR is suggesting a top (soon)

From your lips to God's ears!

nullpointer, check out the CRVIX  - that shows traffic on the message board - it will pick up over the next hour!

best wishes

Do you mean a top in the stock market?

I've noticed the allure of having the first message on a thread has declined appreciably, not a bad thing.

All precious metals moved up strongly over night.

When 40,000 Coloradans showed up last year (they expected 5,000) @ a farm to pick sloppy seconds of leftover vegetables, I knew the Red Dawn of debt was upon us.

Do you mean a top in the stock market?

yes i do.

the excesses will be washed out.

the markets ultimately find their correct value; the fun and games of intervention are only effective in the short term.

might be in the fall, might be in 2010, but i have absolutely no doubt it will eventually occur.

not in a crash, but rather (referencing paul farrell) the 3rd stage of secular bear markets: "a long, drawn out fundamental downtrend"

CR, I am curious about the distinction to be made between month-to-month numbers, and the year-over-year numbers. And I am afraid that I just do not recall the results from Jan., Feb., March, etc.

I am wondering if there is a handy, visual way to illustrate whatever trends there may be, whether YOY (apparently in "deflation") as compared to the MOM numbers (perhaps indicating an "inflationary" trend beginnning), or perhaps a way to determine the extent of any inflationary trend versus the YOY declines (are we coming up slightly from a deep trough, or are we nearing a "crossing moment," when we possibly resume positive inflation)? Of course, it is also possible that there is no clear trend emerging, yet, what with unprecedented levels of stimulus entering, and yet to be spent.

I ask because I want to be armed with actual data when the spin-doctors start using the reported numbers to push an (already determined) agenda, whether for one side or the other. With capacity utilization still very low, I do not want to jump the gun on inflation forecasts, but I do not want to be left behind if we are potentially reaching a change in "slope."

And thanks for the post ... I just loves me some actual data!

With this much bs and intervention in the short term, I am not sure a crash isn't warranted. But all my predictions have been wrong so far about the market...now I was spot on about BHO becoming president. First time I heard him speak and try to channel JFK, I said this man will be president. That was before anyone gave him a chance and Hillary had the nomination all wrapped up. Those kind of predictions don't do me a lot of good though. I would much rather be right about the markets.

The OER #'s seem fishy to me.

On earnings from the BLS:

Real average weekly earnings fell by 1.2 percent from May to June after
seasonal adjustment, according to preliminary data released today by the Bureau of
Labor Statistics of the U.S. Department of Labor. This decrease stemmed from a 0.3
percent decrease in average weekly hours and a 0.9 increase in the Consumer Price
Index for Urban Wage Earners and Clerical Workers (CPI-W). Average hourly earnings
were unchanged.

All precious metals moved up strongly over night.


Nice isn't it Smile

OER up? 1.9%? BLS must be measuring a different planet than the one I'm on.

Nero and Co knew a quick pig was coming as they have network sniffers on the CR servers, so they didn't big a first post Shock)

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