The Bulls are Back in Town


	The Bulls are Back in Town

muckdog

6-14-2007 11:08 PM

425 views

tags:

ppi, inflation

muckdog says:

Nothing like a little Thin Lizzy along with a nice PPI to fuel the bulls!

While the PPI isn't the number the Fed is watching, it is just another indication that there really isn't much year over year inflation out there. Notice the 1.6% core inflation at the wholesale level year over year.

CPI tomorrow!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/baac6cb0-d302-4ad8-88dd-1a213d8e7f3f/674AE876-8E26-4A2B-B18F-1444F39C3016/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D" href="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D"><DIV xmlns:quoteslink="http://www.marketwatch.com/quotelink" class="p">
			The core producer price index, which excludes volatile food and energy prices, rose 0.2%, the first increase in three months.
		</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D"><DIV xmlns:quoteslink="http://www.marketwatch.com/quotelink" class="p">
			"There is no hard evidence that higher energy costs are being passed along to other finished manufacturing goods," wrote Stephen Gallagher, economist for Societe Generale.
		</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D">core inflation at the wholesale level is up a moderate 1.6% in the past 12 months.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/producer-prices-rise-09-energy/story.aspx?guid=%7B2A1FD36C%2D0914%2D4C87%2DB5D9%2DDE2D8CFBE3E5%7D"><DIV xmlns:quoteslink="http://www.marketwatch.com/quotelink" class="p">
			One bright spot in the report was the continued deceleration in price increases for core intermediate goods, a closely watched indicator of inflationary pressures in the production pipeline. In the past year, the core intermediate PPI is up just 2.9%, the lowest in more than three years. 
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