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Fed's Key Inflation Indicator Hits 19-Month High
Forget PPI (it's "cyclical"); ignore CPI (it's "noisy"); dismiss all the recent PMIs showing input prices surging and output prices dropping - that is the message the Fed is feeding the world over its 'inflation' concerns. However, the one indicator that the Fed really focuses on (or has said it does until now) - the PCE Deflator - just surged to 1.8% - its highest since October 2012 and nearing the Fed's 2% mandate-stumping level. Ignore that Janet!
Charts: Bloomberg
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This is just "noise" everything is under control. /sarc
janet will just jam this down her huge pie hole, like she does with everything else. god, i hate that fat, confused pig.
Stay calm. All is under control. Go back to your desk please.
There is no wage inflation. So the only thing these price increases will cause is the consumer to tap out at a faster rate and send the economy further into the abyss. There is not a lot of time left to buy the 3X SPY index etf.
Yellen is an academic with no understanding of the real world, has never held down a proper job and, exceedingly annoyingly, starts every sentence with the word "So,..".
And it's that last one that that annoys me about her the most!
DavidC
So it sounds like you aren't a fan?
I think we should update this chart daily. It's just awesome.
http://finance.yahoo.com/q/bc?s=DB+Basic+Chart&t=6m
"starts every sentence with the word "So,.."."
It's because it rhymes with "low" (as in "low inflation"). They've resorted to trying to brainwash us with 3rd rate holiday entertainer tactics. :)
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Double tap Janet! You're done, cya.... in your face!
Behind the curve by much? Hands tied by not taking the pain much?
Keep your powder dry for the coming USD trend.... #youaresofuckedJanet
did her hard drive crash also?
she's not under "investigation" yet...
WOW! so... in the last 5 years... the total inflation was 5 to 6%... take 7% to make sure...
ehe...
and bonds RALLY...
consumption expenditures were half of what the wall street thieves expected (0.2% vs 0.4%) - hard to get to the 2nd quarter fairy tale GDP growth they want when the consumer doesn't play dumb and spend. also, if PCE deflator "surged to 1.8%" (what is this, CNBC?) then it is still considerably lower than the break-even inflation rate projected by the 5 year note and TIPS (2.04%).
Someone lower the Internet, please. All I hear is noise !!!
So.......BTFD!
So.......BTFD!
There is only a dip once or twice a month, a trader can go broke with that strategy..
There is no US economic statistic that cannot be fixed with a spreadsheet. Paul Craig Roberts on Q1 GDP:
A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing economists in January of this year. The number is a decline in GDP of -2.9 percent.
The negative growth rate of -2.9 percent is itself an understatement. This number was achieved by deflating nominal GDP with an understated measure of inflation. During the Clinton regime, the Boskin Commission rigged the inflation measure in order to cheat Social Security recipients out of their cost-of-living adjustments. Anyone who purchases food, fuel, or anything knows that inflation is much higher than the officially reported number.
It is possible that the drop in first quarter real GDP is three times the official number.
http://www.paulcraigroberts.org/2014/06/25/new-recession-new-world-devoi...
If the US dollar could crash the Fed could meet their real yearly inflation target.
In the mean time they'll say it's noise and say inflation is tame.
Only time the Federal Reserve's hand is forced and when their are riots in the street when people can't afford food anymore.
No worries. Now we have what some would argue the most powerful person in the country - The Federal Reserve Chairnanny.
Looks more like a Chairtranny.
Or maybe a charitytotherichwithyourmoneygranny
Just another chart that doesnt mean anything.. Everything will be fine until 1 day its not.. The Trillion $$ question remains what that trigger may be.
I thought the FED liked inflation at 2.0% Are you telling me this is still a deflationary environment, and the FED must continue to print?
But...but..but...Bullard just said on faux business to throw out quarter 1 and look FORWARD! Just can't make this shit up!
Benanke used to start most of his answers to questions with "so" too. It's just a continuation of his policy
It's not even 'noise', just a little static on the record.
Wait ...what? Can't be. I remember a certain person make the following comment in regards to inflation. When Pelley asked Bernanke what degree of confidence he had in his ability to control inflation, the Fed chairman responded, "one hundred percent."
Well spank my ass and call me stupid. Central planning doesn't work? Fuck these ivory tower academics. Throw them all in the gulag.
The only noise I hear is the crisp of my caviar on toast before I head back onto the polo pitch.
A great time to make a move before the next false flag attack.
Buy gold and silver at historic lows today.
You'll be sorry.
http://imgur.com/YzQYzN4