That's the title of this report from CNBC.
One wonders if these traders of late have been talking to ECB President Mario Draghi, the EU dragster. Draghi and his crew of ECB bankers have been looking for that elusive sucker so long it reminds of a popular song in the early1980s, "Looking For Love in All The Wrong Places."
According to the report: "The PPI is expected to increase by 0.2 percent on the headline and by the same amount, when excluding food and energy. PPI rose 0.5 percent last month."
We hate to bring up food and energy and so do those bureaucrats who supposedly track the price of such things. But oh well. Here it goes. This is from http://www.zerohedge.com/news
Bloomberg notes, consumers in the U.S. will probably pay the most ever for meat this grilling season as costs for pork and beef surge, according to the American Farm Bureau Federation.
We can't say much about those traders, but we doubt they're going to find much in the PPI on Wednesday or the CPI on Thursday. Take a tip from that old song. Those are the wrong places.
No comments:
Post a Comment