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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2275)	3/17/2004 9:22:49 AM
From: mishedlo	Respond to of 116555

Interesting article on silver groups.yahoo.com

To: russwinter who wrote (2275)	3/17/2004 9:27:48 AM
From: mishedlo	Respond to of 116555

U.S. Feb. CPI up 0.3% as expected By Rex Nutting WASHINGTON (CBS.MW) - U.S. consumer prices rose 0.3 percent in February as energy prices continued to climb, the Labor Department said Wednesday. Energy prices increased 1.7 percent. The core CPI, which excludes food and energy costs, rose 0.2 percent for the second straight month. Economists were expecting the CPI to rise 0.3 percent and the core to rise 0.1 percent. Core goods prices increased 0.2 percent in February, the first increase in 18 months. Medical costs increased 0.6 percent in February, the largest gain since October 2002. Housing costs rose a moderate 0.2 percent. Food prices increased 0.2 percent. Apparel prices fell 0.1 percent. Education and communication prices rose 0.3 percent. =========================================================== Russ I have to agree with you. This is from fantasy land Mish

To: russwinter who wrote (2275)	3/17/2004 9:31:25 AM
From: mishedlo	Respond to of 116555

bls.gov Real average weekly earnings decreased by 0.1 percent from January to February after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. A 0.2 percent increase in average hourly earnings was offset by a 0.3 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged. Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W. Average weekly earnings rose by 1.9 percent, seasonally adjusted, from February 2003 to February 2004. After deflation by the CPI-W, average weekly earnings increased by 0.5 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $527.28 in February 2004, compared with $515.42 a year earlier. ======================================================== Then again.... Do you believe this is all? Mish

To: russwinter who wrote (2275)	3/17/2004 9:35:38 AM
From: yard_man	Respond to of 116555

The report is a joke, russ -- I agree with you. I saw a YHOO headline about "energy surge over" as a compoent adding to the increase. I can tell you where crude is headed today ...

To: russwinter who wrote (2275)	3/17/2004 9:43:23 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

If there is any govt reports we can believe on: )unemployment )cpi )ppi )wages )govt spending )deficit )strong US$ policy Please post them Thanks Mish

To: russwinter who wrote (2275)	3/17/2004 9:45:29 AM
From: mishedlo	Respond to of 116555

And the table....Look at Januarys energy number. No wonder they supressed the PPI. Table A. Percent changes in CPI for Urban Consumers (CPI-U) Seasonally adjusted Un- Compound adjusted Expenditure Changes from preceding month annual rate 12-mos. Category 2003 2004 3-mos. ended ended Aug. Sep. Oct. Nov. Dec. Jan. Feb. Feb.'04 Feb.'04 All Items .4 .3 -.1 -.2 .2 .5 .3 3.7 1.7 Food and beverages .3 .3 .4 .4 .5 -.1 .2 2.6 3.1 Housing .1 .1 .2 -.1 .2 .4 .2 3.0 2.1 Apparel .1 .2 .2 -.5 -.3 -.3 -.1 -3.0 -1.7 Transportation 1.2 .9 -1.4 -1.3 -.2 1.7 .7 9.0 -.1 Medical care .3 .4 .2 .3 .5 .2 .6 5.4 4.2 Recreation .0 .1 -.1 .2 .1 .0 .3 1.5 1.1 Education and communication .4 .2 .0 .2 .2 .1 .3 2.2 1.4 Other goods and services .2 .1 .1 .0 .2 .3 .2 3.0 1.6 Special indexes: Energy 3.1 3.3 -3.5 -3.0 .3 4.7 1.7 30.1 3.8 Food .4 .2 .5 .4 .5 .0 .2 2.7 3.3 All items less food and energy .1 .1 .2 .0 .1 .2 .2 1.7 1.2