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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (5292)8/19/2002 4:23:51 PM
From: ahhahaRead Replies (1) of 24758
 
Roach says;

As seen through this lens, the only reason the GDP-based inflation rate is holding in positive territory is a +2.2% year-over-year inflation rate in services.

This is hogwash. I guess he doesn't have much regard for the best CPI measure around, the Cleveland Fed CPI which removes the services component.

Roach is wrong about PPI too. He looks at one year's data and reaches a grandiose conclusion. He doesn't look at the CRB Index though. It's in a good uptrend, or isn't that operational now.

What you will hear from the blinded ones is that the CRB is distorted. They say you have to eliminate just about all the components until you are left with the ones that aren't rising in order to get the underlying trend. Lying indeed.
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