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I loved the lead in: ""New Era" Core PPI - All Items Ex Anything That Goes
Up?" which pretty well sums the issue in my mind. There was no big deal
about "excluding volatile food and energy" when prices (especially oil) were
dropping like a rock but now that they are rising it's like no one needs oil
any more. And the government (which we all trust implicitly) has been busy
revising both inflation and productivity formulas.
I'm seeing a real mixed bag in the commodities which I track for signs of
inflation. Oil of course is approaching the highs of late 96- early 97.
Copper has rallied strongly from the lows but appears to be giving up the
ghost and turning down. Cotton can't seem to get off the lows. Lumber has
been rallying rather strongly.
Earl
> ----- Original Message -----
> From: Mervin Yeung <tinyeung@xxxxxxxx>
> To: Real Traders <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
> Sent: Friday, November 12, 1999 10:20 PM
> Subject: [realtraders] Gen: PPI {01}
>
>
> > Paul Kasriel did an analysis on the latest PPI number:
> > http://www.northerntrust.com/rd/rd35/daily1999/daily_10nov.html
> >
> > Is he an paranoid or is he right on something?
>
>
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