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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: sea_biscuit who wrote (22087)10/11/2005 1:23:41 AM
From: Kirk ©   of 42834
 
Bob should have Lakshman and Anirvan on his show to talk about the ECRI and their latest book that helps explain their indicators. I've spoken with them on many occasions and worked with them for many years. I'd say they and Ed Hyman are at the top of the heap for economists who can predict what is going to happen ahead of time. I believe the Federal Reserve is one of their many institutional clients.

Author: Kirk
Discussion: ECRI Leading Indicator Forecast 2,000+
suite101.com
Date: October 10, 2005 10:17 PM
Subject: U.S. FIG at Five Year High
.
Note the date... probably why Fisher was worried about inflation.

U.S. FIG at Five Year High
10/07/2005

NEW YORK, Oct 7 (Reuters) - U.S. inflation pressures climbed in September to their highest in over five years, according to a report on Friday that suggested the Federal Reserve was right to remain vigilant over price increases.

The Economic Cycle Research Institute said its Future Inflation Gauge rose to 122.7 last month, its highest since June 2000, the tail end of the late 1990s economic boom.

August's reading was revised down to 120.7.

Over the past few weeks, Fed officials have gone out of their way to remind investors and consumers that they must continue to raise interest rates to ward off inflation.

The survey's annualized growth rate, which smoothes out month-to-month variance, jumped to 6.6 percent from 3.7 percent.

"If the Fed continues to approach policy as an exercise in managing risks, the clear danger remains inflation and not recession," said Lakshman Achuthan, managing director at ECRI, an independent research group.

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