Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (5057)	12/7/2001 3:51:07 PM
From: isopatch	Read Replies (3) of 36161

ECRI shows inflationary pressures at 26 year low!! <December 7, 2001 Dow Jones Newswires NEW YORK -- Inflationary pressures in the U.S. economy plunged to the lowest levels in a generation during November, a report said Friday. The Economic Cycle Research Institute's future inflation gauge, an index designed to anticipate cyclical turning points in inflation, fell to a new 26-year low of 95 in November versus a revised 96.3 for October, ECRI said. The index is based on a 1992 reading of 100. The smoothed annualized growth rate of the index edged up to -19.0% from a 20-year low of -19.4% in October. "In the face of the first synchronous global recession in a quarter century, inflation pressures have dropped to generational lows," the report said.> (courtesy of SI member Paul Shread)

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