US Import Prices Down -0.5%, First Sequential Drop Since June 2010, Up 13.6% From Last Year

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Wed, 07/13/2011 - 08:46 | 1451186 BeerWhisperer
BeerWhisperer's picture

Wow. Everything is really starting to turn around. I'm starting to hear birds chirp "my oh my.... what a wonderful day" from wall st. offices. 

Let me go ahead and get the MSM headline of the day out there for you.

"Stocks advance on news prices are going down demonstrating a slow but steady progress in the recovery efforts."

Wed, 07/13/2011 - 08:52 | 1451210 SheepDog-One
SheepDog-One's picture

So no need for QE3 then, I'm sure.

Wed, 07/13/2011 - 08:54 | 1451213 lolmao500
lolmao500's picture

14% inflation... yes we can.

I bet social security checks didn't go up by that much since last year.

Wed, 07/13/2011 - 09:11 | 1451259 snowball777
snowball777's picture

It's all part of the plan..."stealth death panels", if you will.

You don't expect us to actually pay the trillions in liabilities to those crotchety bastards do you?

We can't put it in the OMB projections, for obvious reasons, but rest assured: the republic is saved.

Wed, 07/13/2011 - 09:14 | 1451267 Sudden Debt
Sudden Debt's picture

import prices down but trade deficit up...



Wed, 07/13/2011 - 09:42 | 1451345 r101958
r101958's picture

<sarc/on>wow, this must mean that inflation is under control, we can do QE3 <sarc/off>

Wed, 07/13/2011 - 09:43 | 1451351 luigi
luigi's picture

How was it? You can lead the horse to the water but you can't make him drink... or something like that: backward translation to original languages seldom work correctly...

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