Date: Tue Nov 15 2005 11:15
trotsky (in view of posts this morning) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
it may be a good time to remember what we worried about 30 years ago:
wmconnolley.org.uk
hohoho.
Date: Tue Nov 15 2005 10:53
trotsky (more) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
it may be in the Fed's mandate, but the mandate itself is nonsense. the central bank CAN NOT 'create employment growth'. it can only print more, or less, 'money'.
Date: Tue Nov 15 2005 10:47
trotsky (@Bernanke hearing) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
my first impression is that this guy isn't going to be able to deal with market stress as deftly as his predecessor...he's too uncertain of himself. he hasn't yet learned to sell the nonsense they need to sell.
Date: Tue Nov 15 2005 10:24
trotsky (siempre@NatGas) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the 'winter shock' may actually be cancelled, not merely delayed. the crisis that everybody fears is never the crisis that actually happens. NG inventories are plenty at this stage.
Date: Tue Nov 15 2005 10:00
trotsky (@PPI) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
well, LOL. 'after heavy doctoring of the car price index, 'core PPI' which includes all the things that don't increase in price has actually gone down a lot'.
hohoho...the chutzpa of these guys is really beyond belief...
Date: Tue Nov 15 2005 09:46
trotsky (@retail sales) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
for the first time in many a moon, spending on gasoline actually declined , due to a sharp fall in month-on-month gas prices.
and guess what, now that these gasoline sales have a NEGATIVE rather then a positive effect on the reported numbers, we "unexpectedly" get the following spin:
"Excluding autos and gasoline, retail sales rose a solid 1.1 percent in October, the best showing in this category since last April."
biz.yahoo.com
now remember, while gas prices were actually rising, no-one ever thought to exclude their contribution. it's also not quite certain what the exclusion of car sales might accomplish ( well, sure , they were DOWN, which makes them a natural target for exclusion this time around... ) . the sharp slowdown in car sales proves that the car manufacturer's endless incentives have simply pulled demand from the future, as we knew would happen. there is no way to spin this fact.
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