Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: octavian who wrote (1840)	12/11/2007 2:42:27 PM
From: Kirk ©	of 2121

From the FOMC statement at federalreserve.gov Readings on core inflation have improved modestly this year, but elevated energy and commodity prices, among other factors, may put upward pressure on inflation. In this context, the Committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully. Higher energy prices ARE inflationary. Core inflation is defined as inflation without the energy and food components. So Brinker saying higher energy prices don't impact core inflation is similar to saying "higher energy prices don't impact inflation when you don't count their effects." Of course, not counting things on results is nothing new to Brinker who reports his results without including his QQQ advice (documented here honeysbobbrinkerbeehivebuzz.blogspot.com ). ON a side note, the pundits are not pleased with that statement about inflation, but if they want to get people to refinance AMRs into fixed loans they can afford, they NEED inflation expectations to go lower to bring down the long term interest rates. Right now, LIBOR is still quite high compared to the 3 month treasury.

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