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Strategies & Market Trends : Value of Perfect Information
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From: Q811/18/2008 9:54:57 AM
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Today's release of October PPI showed the largest month-over-month decline on record (-2.8%), which easily beat the prior extreme from October 2001 of -1.6%. With today's Producer Price Index showing costs dropping at a record rate, all comparisons of the current period to the 1970s pretty much go out the window.
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