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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (16378)7/9/2004 1:15:18 PM
From: russwinter  Read Replies (3) | Respond to of 110194
 
July inflation spin:
biz.yahoo.com

This is an incredible Pinocchio effect set up, because the June headline inflation numbers may get some relief because of the general commodity "talk is cheap" correction that occurred prior to 6/30 FOMC. Of course since the 6/30 FOMC, energy and metals (with food still correcting) have started another "gathering steam" run up, which won't show up until the August numbers. But since the cognoscenti's "playbook" seem to be rather clueless about all this, the MoP can engage in more behind the curve "blind man's bluff", and give the markets an excuse to talk down the rate increase, thus fueling even more F3IP (Fed's fully funded inflation program) inflation, carry trade, and crack-up boom trading behavior going forward. We could really see some incredible green lighted commodity moves coming out of this egregious propaganda tactic.