SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patron_anejo_por_favor who wrote (228683)3/17/2003 6:40:07 PM
From: ild  Read Replies (1) of 436258
 
Non-Oil Import Prices Are Rising - Why?
March 17, 2003

In February, non-oil import prices rose 1.6% year-over-year. In February 2002, the year-over-year change in these prices was minus 5.1%. Why are U.S. import prices rising in the context of soft global aggregate demand? How about the dollar? In the 12 months ended February 2003, a trade-weighted U.S. dollar index is down 12.31%. In the 12 months ended February 2002, this dollar index was up 7.7%. It appears, then, that the decline in the dollar is boosting import prices, as seen in Chart 1. And Chart 2 suggests that as go import prices, so go producer intermediate prices. So, if the dollar continues on its downward path, as we expect it will - why should the rest of the world want to advance us $1.5 billion a day so that we can buy bigger cars, bigger houses, and cruise missiles? - you can throw away your deflationary worries. Of course, you might start worrying about inflation. But that will be for Fed Chairman Feldstein to worry about.

northerntrust.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News