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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (11093)4/1/2004 10:48:41 AM
From: TrueScouse  Read Replies (2) of 110194
 
ild:

Amazing what you find when you dig down in these reports... The overall PPI may be low, but check out the following:

**Percentage Changes from February 2003**

"Crude Materials for Further Processing": +10.7%

including...
- Slaughter Hogs: +38%
- Soybeans: +47%
- Cotton: +17%
- Copper Scrap: +45%
- Iron and Steel Scrap: +88%

With a 6 month lead time from wholesale prices to consumer prices, the CPI should really peak just before the Presidential election! I wonder how they'll massage the figures to make sure that doesn't happen? <LOL>

Regards,
Howy
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