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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (1249)5/15/2014 4:13:53 PM
From: Kirk ©  Read Replies (1) | Respond to of 26583
 
then with my internet down for four hours, I hear numskulls on TV blaming some hedgefund guy for the market selloff. Bull feathers! Inflation is at target and jobs are still in the tank. THAT says it all.

CONSUMER PRICE INDEX – APRIL 2014 bls.gov

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.

The indexes for gasoline, shelter, and food all rose in April and contributed to the seasonally adjusted all items increase. The gasoline index rose 2.3 percent; this led to the first increase in the energy index since January, despite declines in the electricity and fuel oil indexes. The food index rose 0.4 percent for the third month in a row, as the index for meats rose sharply.
The index for all items less food and energy has increased 1.8 percent over the last 12 months. The energy index has risen 3.3 percent, and the food index has advanced 1.9 percent over the span.

The Fed has to continue to taper and we are relying on the jackasses in Washington to fix the economy now.