November 16, 2010

LIKE THE RIGHT ALWAYS TELLS US...:

Wholesale prices fall as output flat (Lucia Mutikani, 11/16/10, Reuters)

Core U.S. producer prices recorded their largest fall in more than four years in October and industrial output was flat, underlining concerns at the Federal Reserve about low inflation amid moderate growth. [...]

"Today's PPI data shows you that beneath the surface there is not a whole lot of inflation and tomorrow's (consumer price) data is likely to show the same thing," said John Canally, a economist at LPL Financial in Boston.


...you can't have all that government spending without inflation....

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Posted by Orrin Judd at November 16, 2010 7:28 PM
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