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

To: Square_Dealings who wrote (16013)	11/17/2004 8:54:55 AM
From: mishedlo	Respond to of 116555

I agree that daily pattern looks bearish. Have you looked at the weekly? stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G double bottom and bullish for yield (baerish for bond holders) or my preferred view and you have to admit this looks damn clean(at least to me anyway) a three wave corrective move move up in yield, with lower yields to come stockcharts.com[w,a]waclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G You have to admit surprising action today in light of blowout PPI yesterday and CPI today Mish

To: Square_Dealings who wrote (16013)	11/17/2004 9:08:30 AM
From: mishedlo	Respond to of 116555

U.S. CPI better than feared, ThinkEquity economist says By Rex Nutting WASHINGTON (CBS.MW) -- Although the increase in the U.S. Oct. consumer price index of 0.6 percent was higher than the consensus expectation, it was better than feared, said Mat Johnson, chief economist for ThinkEquity Partners. "Fears of a 'pass through' from yesterday's PPI report simply did not materialize," he said. The main contributor to the core CPI's 0.2 percent was the introduction of the new model cars, a one-time event. And, now that gasoline prices are falling, prices should be well-contained, he said.

To: Square_Dealings who wrote (16013)	11/17/2004 9:13:57 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

U.S. Treasury Secretary John Snow said on Wednesday that cutting a record budget deficit was a top priority for the second-term Bush administration and challenged Europe to play its part in helping trim the U.S. trade gap by boosting its own economic growth. "The current account deficit is a shared responsibility," [with Europe] [...] Snow wants to shift the spotlight onto European tardiness in adopting labor, pension and other reforms and cutting taxes to spur their growth instead of being under the glare of charges that the United States had no real plan for cutting deficits and was letting its dollar drift down to remedy them at Europe's and Japan's exporting expense. Snow described himself as "a life-long deficit hawk" and insisted the U.S. budget deficit will cut in half over the next four years to less than 2 percent of national output. [...] story.news.yahoo.com