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

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To: GST who wrote (47302)12/14/2005 2:01:10 PM
From: mishedlo  Read Replies (2) of 110194
 
U.S. import prices fall 1.7% in November
Wednesday, December 14, 2005 1:45:14 PM
afxpress.com

WASHINGTON (AFX) - Prices of goods imported into the United States fell 1.7% in November, led by an 8% drop in the price of imported petroleum, the Labor Department said Wednesday. It was the largest decline in import prices since April 2003. Petroleum prices fell the most in almost a year. Imported crude oil prices dropped 6.2%. The 1.7% drop in import prices exceeded the expectations of economists surveyed by MarketWatch. Analysts were predicting a 0.7% decline
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Obviously this is deflation
No I am NOT serious.
But every rise is not inflation either and anyone that says so should be calling this deflation, calling the drop in corn deflation, calling soybeans at historic lows deflation as well.

Mish
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