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

To: maceng2 who wrote (21350)	1/14/2005 12:13:02 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

is that really typical or just typical of the rich? Blair a guaranteed shoe in? Mish

To: maceng2 who wrote (21350)	1/14/2005 12:24:38 AM
From: maceng2	Read Replies (1) \| Respond to of 116555

Some of the UK's opposition parties comments. The conservative parties comment will be drowned out though imho. The opposition, however, accused the government of blurring the facts. Liam Fox, Conservative Party co-chairman, told the BBC that Blair had been selective with the figures, and was no longer credible. Labor, he said, had promised not to raise taxes yet had done so 66 times, and had massively inflated "stealth" -- deliberately hidden -- taxes such as council tax, which had gone up 70 percent since 1997, and pension tax. Because of Gordon Brown's "black hole" in the budget -- a possible $18 billion shortfall in Brown's calculations frequently cited by economists -- taxes will have to be raised after the next election, Fox charged. "The big question is: Do you actually believe anything the prime minister says on this?" he asked. washtimes.com All the "feel good" data is just B/S imho.

To: maceng2 who wrote (21350)	1/14/2005 9:40:27 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. wholesale-level inflation down 0.7% in December Friday, January 14, 2005 1:52:49 PM afxpress.com WASHINGTON (AFX) -- U.S. prices for raw materials and other producers' inputs fell 0.7 percent in December, undercut by a sharp decline in energy prices, the Labor Department reported Friday. This marked the largest monthly decline in wholesale prices since April 2003. Excluding food and energy costs, the core producer price index rose 0.1 percent last month. The decline in the overall PPI was much greater than expected. Economists had been anticipating that December's PPI would fall 0.1 percent and that the core rate would rise 0.2 percent. Over the past year, the PPI has risen at a clip of 4.1 percent, up slightly from a 4.0 percent gain in 2003. This marked the highest annual increase in the PPI since 1990 The core rate rose 2.2 percent over the past year, compared with a 1.0 percent gain in 2003. This is the sharpest annual increase since 1998. Further back in the production cycle, crude goods prices rose 18.0 percent in 2004, off from a 19.5 percent gain in 2003. Intermediate goods prices increased 9.1 percent in 2004, the largest gain since 1980. This follows a 3.9 percent gain in the previous year In December, energy prices fell 4.0 percent, the largest monthly drop since April 2003. Gasoline prices fell 11.1 percent, while residential natural-gas prices dropped 1.6 percent. Finished capital equipment prices rose 0.1 percent in December, bringing the annual increase to 2.4 percent. Unprocessed food prices inched up 0.1 percent in December after rising 0.4 percent in November