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China Is Fiddling While Its Economy Overheats: William Pesek
I have nothing to add. I believe William Pesek truly gets it. I'm tempted to quote the important parts of the article, but it is all important in my opinion.
Early Look at 2026 Cost-Of-Living Adjustments and Maximum Contribution Base
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The BLS reported yesterday:
The Consumer Price Index for Urban Wage Earners and Clerical Workers
(CPI-W) increased 2.8 percent over the last 12 months to a...
2 hours ago
4 comments:
Mark,
I look forward to the rest -- you have some of the best coverage as seen from an inflation/deflation perspective.
BR
BR,
You are too kind. I'm beginning to think that I eat, drink, and sleep the massive inflationary AND deflationary forces at play right now. One false move in this overleveraged world and something's bound to break.
I'm reminded of the time the line was jammed in my weedeater. It was stuck so bad I couldn't get it open. I opted to use a screwdriver. It didn't work. I applied more force. Still nothing. Let's just say it ended with a unique scar on my hand (oddly resembling that of a phillips screwdriver). I did get it open though, lol.
Now it is Ben Bernanke's turn. Did 17 baby step rate increases get the weedeater open? Maybe, maybe not. The market sure is screaming at him to stop trying though, lol.
China exporting inflation -- that is the foreseeable trend at least. Will it mean higher inflation or lower profits -- probably bit of both. Here's a sign of the times:
http://biz.yahoo.com/rb/070912/walmart_advertising.html?.v=7
BR
BR,
"Save Money. Live Better."
Let's hope next year's campaign doesn't become:
"Hoard Food. Live Longer."
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