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: bart13 who wrote (62293)	1/19/2007 10:51:25 AM
From: jimmg	Read Replies (2) of 116555

LIFO stats are a lagging indicator historical cpi and retail sales aren't? 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. What's unusual is to downwardly adjust retail sales for price hikes in housing rents, tuition and medical costs, none of which are components of retail sales. The economy is very strong right now. I don't believe it's sustainable but you can't argue that economic activity isn't robust. GE just reported new orders yoy were up 19% today. Money/credit are growing rapidly and this is feeding into the economy and stock markets. When things will turn is anyone's guess but to try to argue that economic activity is weak right now just isn't connected to reality.

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