Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: jimmg who wrote (62291)	1/19/2007 10:24:05 AM
From: bart13	Read Replies (1) of 116555

The rlx has broken out to an all-time high this week. And I can, but choose not to, note many times when some "market" or index has been wrong - null point. Plus it makes zero sense to adjust retail sales by cpi. Too many things are in the cpi like health care and education that are not a component of retail sales. That's quite the unusual view you have there that doing a more valid apples-to-apples comparison via the application of CPI is bogus. I'll just note that raw retail sales was up 3.6% last month and the same figure in '05 was 5.5%. Also, other than May & August 2006, the trend was down for the entire year of 2006. That points again at the annual rates of change in retail not showing an on fire condition or no impact. You're also more than welcome to cite outlying data points in health care and education too. LIFO stats are a lagging indicator.

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