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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Live2Sail who wrote (82343)	7/29/2007 7:32:38 PM
From: Dan3	Read Replies (1) \| Respond to of 306849

Inflation ran at an annual rate of just under 3.5% during the first 6 months of the year. It won't affect policy or the market, since 99% of the population, including 100% of people in government and the media are incapable of doing simple arithmetic. These people think that 1 quarter's inflation of a measure limited pretty much to some of the goods imported from China, is the only thing that needs to be considered. Inflation readings in the report were mostly seen as positive. The broadest measure of prices rose at a 2.7 percent rate in the quarter, down sharply from a 4.2 percent growth rate in the first quarter. That was lower than economists' forecasts. money.cnn.com The only glimmer of a realization I've seen anywhere was in a recent article in the Economist that noted that "non core" inflation has been rising so fast that it's drawn demand away from pretty much everything else.