Even the PPI will not show much inflation indication, Saudi Treasury Bureau and Oil balance out, but they will watch to see if Greenspan takes a bite out of their small price hike, due to the higher summer season of gas consumption. The Sales Report showed we are good. Production and Producivity...no unproductive wage inflation, we are getting what we pay for, and want what we are willing to buy. reenspan ought to leave this market Laizze Faire--just admit he overdid it and get at least an ounce of respect by stating clearly no fed fund basis points interest hikes at all, and then we can work on the US Treasury Department and its bond sales, and repurchase program, even they know they overdid it, but greed caused 6.27% on 30 Year Bond, they have to salvage our markets, its what we really have that the rest of the world really wants to buy...our stocks...that our only hedge on future balance of payments and he ought to let us go, now, before he crashes us, and really puts the US into a bad depression like Russia.
I am,
Truly yours,
-Crystal ball |
