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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (69831)9/15/2006 12:53:49 PM
From: mishedlo   of 110194
 
The U.S. Import Price Index increased 0.9 percent in July, the Bureau of Labor Statistics of the
U.S. Department of Labor reported today. A 4.7 percent advance in petroleum prices more than offset a
modest 0.1 percent decline in nonpetroleum prices. The price index of overall exports rose 0.4 percent
in July following a 0.7 percent increase in June.

Did you see that non petroleum prices actually dropped?
What do you think happens to petroleum prices for August?
What do you think happens to petroleum prices for September.
What about non-petroleum prices?

I expect BOTH petroleum and non petroleum prices to decline now for both August and September.

Mish
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