This is a stinky one for sure. I'm talking about the delay in the release of the PPI, the Producer Price Index, an important measure of inflation. I guess Junkers link doesn't really mention that and that is the big deal here, not the Administration flacks comments on jobs.
Truth be told there is a germ of truth in that view about exporting jobs being a good thing. I don't buy it in the most general sense but few realize how this exporting jobs has done wonders for corporate 'earnings' and productivity. You see we make more selling the stuff China makes than they do in making it. (I'll link an article about this if I can find it)
But on the missing PPI
If inflation breaks out, and then bonds break down, I think the troubles will really start.
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I inadvertently started a new thread on this, 'Yes we have no inflation'. Sorry.
I linked to one of my fav sites, Capital Stool, to an article by the good Doctor on this issue. Someone came on and pointed out the site does have advertising spyware. Something I fix automaticly with AdAware and sort of just ignore. So be warned.
The site is not a political one, in any normal sense of the word. Bearish market sites are notoriously of the right but this one is not. I can state with certainty that Doctor Stool is not a righty and that is what makes the site so good. Even if lots of members tend to be, as I said bears are often dittoheads, or worse. For the most part the crude rightist stuff is absent.
This article, playing on the O'Rileiy Factor, The Stool Factor in no way means he likes the FOX jerk.
PPI, You can't handle the truth
http://www.capitalstool.com/stoolfactor.htmA must read.