Tuesday, April 17, 2007

spin, spin, spin.....

bonds are up, stock futures are up, everything is bullish...... except the $......

anleihen rauf, aktien rauf, alles bullish........ bis auf den $.......

U.S. housing starts down 23% year-on-year
U.S. building permits down 26% year-on-year
but still higher than expected…....thanks to
Starts increased 0.8 percent mom to a seasonally adjusted 1.518 million annualized rate following a rate of 1.506 million in February, downwardly revised from 1.525 million.
more on the bullish news from paper money http://tinyurl.com/29r2v5
U.S. March CPI up 0.6% vs 0.7% expected
U.S. March CPI largest gain since April 2006
U.S. March core CPI up 0.1% vs. 0.2% expected (see cartoon)

Core prices were up 2.5 percent in the 12 months ended in March, the smallest year-over-year gain since May. Overall prices were up 2.8 percent from the same time last year, compared with a 2.4 percent gain in February

thanks to http://www.wallstreetfollies.com/


U.S. March median CPI up 0.3%: Cleveland Fed

U.S. median CPI up 3.5% in past year, vs. 3.6%

Michael Bryan and Stephen Cecchetti (from the cleveland fed) have found a measure that forecasts inflation better than either the CPI excluding food and energy or the all-items CPI: a weighted median of the CPI. The weighted median CPI is easy to calculate and has a higher correlation with past money growth than other inflation measures, resulting in improved forecasts of future inflation.

here the link to the cleveland fed http://tinyurl.com/2mraql

and when all the vacant housing units will lead to a softer "owners' equivalent rent" (makes 40% of the basket) they don´t need to spin that much in the future to "create" a low cpi number

und wenn in naher zukunft all die leerstehenden immobilien die "oer" drücken (machen 40% des warenkorbes aus) brauchen die sich zukünftig nicht mal sonderlich anstrengen um die inflation niedrig zu rechnen

please click on the labels for more on the often "unique" us cpi/inflation calculation.

für mehr infos zu der oft eigenwilligen cpi/inflationsberechnung bitte unter den labels nachlesen.

i highly recommend the post from mish / ich empfehle zudem den nachfolgenden link

"Inflation: What the heck is it?"


disclosure: long gold/goldbugs

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