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Politics : Welcome to Slider's Dugout

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From: RonMerks2/26/2008 9:54:13 AM
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This should end the Inflation vs. Deflation debate.

From the Wall St. Journal

online.wsj.com

Inflation Data Pinches Stocks

A Wall Street Journal Online NEWS ROUNDUP

U.S. stock futures fell Tuesday, after a key economic indicator showed core inflation soared above expectations.

The producer-price index rose 1.0% in January, the Labor Department said early Tuesday. The core index, which excludes food and energy items, rose 0.4%. The rise was more than double what analysts had been expecting.

Inflation DOUBLE WHAT ANALYSTS WERE EXPECTING! Don't look like no stinking deflation to me!

Hi-ho Silver and away!

They'd better start dumping all that IMF gold and quick <vbg>.

Ron
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